Everest Group, Ltd. (NYSE:EG) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 37.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,823 shares of the company's stock after selling 5,306 shares during the period. Amalgamated Bank's holdings in Everest Group were worth $3,457,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC lifted its stake in Everest Group by 284.8% in the third quarter. SG Americas Securities LLC now owns 24,556 shares of the company's stock worth $9,622,000 after acquiring an additional 18,175 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Everest Group by 1.5% during the 1st quarter. Clearbridge Investments LLC now owns 289,439 shares of the company's stock worth $115,052,000 after purchasing an additional 4,412 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Everest Group during the 2nd quarter worth $921,000. Forsta AP Fonden increased its holdings in Everest Group by 131.1% in the first quarter. Forsta AP Fonden now owns 17,100 shares of the company's stock valued at $6,797,000 after buying an additional 9,700 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Everest Group by 92.9% in the second quarter. Blue Trust Inc. now owns 162 shares of the company's stock valued at $64,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Everest Group Price Performance

EG stock traded up $6.24 during midday trading on Friday, hitting $368.29. 408,387 shares of the stock were exchanged, compared to its average volume of 422,994. The stock's 50-day moving average price is $383.08 and its 200-day moving average price is $380.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.40. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 5.76, a PEG ratio of 2.60 and a beta of 0.63. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $417.92.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.17%. Everest Group's dividend payout ratio is presently 12.52%.

Insider Transactions at Everest Group

In related news, Director William F. Galtney, Jr. purchased 2,870 shares of the business's stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the acquisition, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director William F. Galtney, Jr. purchased 2,870 shares of the stock in a transaction dated Monday, November 4th. The stock was acquired at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the acquisition, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the transaction, the executive vice president now directly owns 12,726 shares in the company, valued at $4,434,756.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Everest Group from $454.00 to $438.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company reduced their price target on shares of Everest Group from $406.00 to $402.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 5th. Bank of America lowered their price objective on shares of Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a research report on Thursday, October 10th. UBS Group upgraded shares of Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group increased their target price on shares of Everest Group from $440.00 to $457.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $438.00.

About Everest Group

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.