Everest Group, Ltd. (NYSE:EG) Director William F. Galtney, Jr. Purchases 2,870 Shares of Stock

Everest Group, Ltd. (NYSE:EG) Director William F. Galtney, Jr. bought 2,870 shares of the business’s stock in a transaction on Monday, November 4th. The shares were acquired at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the transaction, the director now owns 32,822 shares in the company, valued at approximately $11,443,062.08. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Everest Group Trading Up 3.4 %

NYSE EG opened at $366.60 on Thursday. The company has a market cap of $15.79 billion, a PE ratio of 5.74, a PEG ratio of 2.46 and a beta of 0.63. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $384.13 and a 200-day moving average of $380.59. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $417.92.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EG shares. Morgan Stanley cut their price target on Everest Group from $450.00 to $445.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. UBS Group raised Everest Group to a “hold” rating in a research note on Wednesday, October 9th. TD Cowen dropped their target price on shares of Everest Group from $419.00 to $405.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Bank of America dropped their price objective on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods cut their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Everest Group has an average rating of “Moderate Buy” and an average price target of $438.00.

Institutional Investors Weigh In On Everest Group

Institutional investors and hedge funds have recently modified their holdings of the company. Norden Group LLC bought a new stake in Everest Group in the 1st quarter valued at $222,000. Commonwealth Equity Services LLC increased its position in Everest Group by 156.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,880 shares of the company’s stock worth $748,000 after buying an additional 1,148 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Everest Group by 5.5% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,214 shares of the company’s stock valued at $483,000 after acquiring an additional 63 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Everest Group by 6.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 4,225 shares of the company’s stock worth $1,679,000 after purchasing an additional 264 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in shares of Everest Group by 6.6% during the first quarter. Mutual of America Capital Management LLC now owns 15,943 shares of the company’s stock worth $6,337,000 after purchasing an additional 989 shares during the period. 92.64% of the stock is owned by institutional investors.

Everest Group Company Profile

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.