Charles Schwab Investment Management Inc. Sells 3,691 Shares of Everest Group, Ltd. (NYSE:EG)

Charles Schwab Investment Management Inc. decreased its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 383,060 shares of the company's stock after selling 3,691 shares during the period. Charles Schwab Investment Management Inc. owned 0.89% of Everest Group worth $150,094,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of EG. Csenge Advisory Group lifted its holdings in Everest Group by 2.2% during the 2nd quarter. Csenge Advisory Group now owns 1,239 shares of the company's stock worth $472,000 after purchasing an additional 27 shares during the last quarter. Legend Financial Advisors Inc. grew its stake in shares of Everest Group by 1.6% in the second quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company's stock valued at $672,000 after acquiring an additional 27 shares in the last quarter. Wedmont Private Capital increased its position in Everest Group by 4.8% during the third quarter. Wedmont Private Capital now owns 638 shares of the company's stock worth $238,000 after acquiring an additional 29 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company's stock worth $44,000 after purchasing an additional 31 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in Everest Group by 4.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 745 shares of the company's stock valued at $284,000 after purchasing an additional 33 shares during the period. 92.64% of the stock is owned by institutional investors.

Insider Transactions at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the company's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction of $74,000.00. Following the sale, the chief operating officer now owns 15,009 shares of the company's stock, valued at approximately $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William F. Galtney, Jr. bought 2,870 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the purchase, the director now directly owns 32,822 shares of the company's stock, valued at $11,443,062.08. This trade represents a 9.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company's stock.

Everest Group Price Performance

Shares of NYSE EG traded up $1.10 during midday trading on Monday, reaching $390.10. 1,768,244 shares of the company were exchanged, compared to its average volume of 352,258. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $417.04. The stock has a market cap of $16.77 billion, a P/E ratio of 6.09, a PEG ratio of 2.88 and a beta of 0.63. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The stock's 50-day moving average price is $380.77 and its 200-day moving average price is $380.80.

Everest Group Dividend Announcement

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 paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Wednesday, November 27th. Everest Group's payout ratio is 12.52%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EG. UBS Group raised Everest Group to a "hold" rating in a research report on Wednesday, October 9th. Barclays decreased their price target on Everest Group from $527.00 to $517.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. Keefe, Bruyette & Woods cut 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 report on Thursday, August 8th. Wells Fargo & Company decreased their target price on shares of Everest Group from $406.00 to $402.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 5th. Finally, TD Cowen reduced their price target on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $434.10.

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.