Brophy Wealth Management LLC bought a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,912 shares of the company's stock, valued at approximately $749,000.
Several other institutional investors and hedge funds have also recently modified their holdings of EG. American National Bank purchased a new stake in Everest Group in the second quarter worth approximately $27,000. M&R Capital Management Inc. bought a new position in Everest Group during the third quarter valued at $29,000. Bruce G. Allen Investments LLC boosted its holdings in Everest Group by 200.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company's stock valued at $31,000 after acquiring an additional 52 shares during the period. Eastern Bank purchased a new position in shares of Everest Group during the third quarter worth approximately $35,000. Finally, Brooklyn Investment Group bought a new stake in Everest Group during the 3rd quarter valued at $39,000. 92.64% of the stock is owned by hedge funds and other institutional investors.
Everest Group Price Performance
Shares of NYSE EG traded down $5.00 during mid-day trading on Tuesday, reaching $363.17. The company had a trading volume of 152,240 shares, compared to its average volume of 355,765. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The stock has a market cap of $15.61 billion, a PE ratio of 5.76, a P/E/G ratio of 2.75 and a beta of 0.64. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $407.30. The company has a 50-day moving average price of $379.49 and a two-hundred day moving average price of $380.48.
Everest Group Announces Dividend
The company 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. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Wednesday, November 27th. Everest Group's dividend payout ratio is 12.52%.
Insider Buying and Selling at Everest Group
In related news, COO James Allan Williamson sold 200 shares of the company's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the sale, the chief operating officer now owns 15,009 shares in the company, valued at approximately $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the stock in a transaction on Monday, November 4th. The shares were bought at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the transaction, the director now directly owns 32,822 shares in the company, valued at approximately $11,443,062.08. The trade was a 9.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company's stock.
Wall Street Analysts Forecast Growth
EG has been the topic of several research analyst reports. Barclays dropped their target price on shares of Everest Group from $527.00 to $517.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. TD Cowen lowered their price objective on Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a report on Monday, November 18th. BMO Capital Markets dropped their price target on Everest Group from $383.00 to $372.00 and set a "market perform" rating for the company in a research report on Thursday, November 14th. Wells Fargo & Company lowered their price objective on Everest Group from $402.00 to $390.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 4th. Finally, UBS Group raised Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $430.10.
Check Out Our Latest Stock Analysis on EG
Everest Group Profile
(
Free Report)
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.
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