Equitable Trust Co. Has $3.37 Million Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Equitable Trust Co. lowered its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 39.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,599 shares of the company's stock after selling 5,682 shares during the quarter. Equitable Trust Co.'s holdings in Everest Group were worth $3,369,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EG. Summit Global Investments increased its stake in Everest Group by 4.7% during the 3rd quarter. Summit Global Investments now owns 37,371 shares of the company's stock worth $14,643,000 after purchasing an additional 1,686 shares in the last quarter. TFB Advisors LLC increased its position in shares of Everest Group by 14.8% during the third quarter. TFB Advisors LLC now owns 2,055 shares of the company's stock worth $805,000 after acquiring an additional 265 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Everest Group by 5.5% during the third quarter. Principal Financial Group Inc. now owns 53,892 shares of the company's stock worth $21,117,000 after acquiring an additional 2,818 shares during the period. QRG Capital Management Inc. lifted its position in Everest Group by 1.4% in the 3rd quarter. QRG Capital Management Inc. now owns 38,565 shares of the company's stock valued at $15,111,000 after acquiring an additional 536 shares in the last quarter. Finally, National Pension Service boosted its stake in Everest Group by 24.1% in the 3rd quarter. National Pension Service now owns 103,315 shares of the company's stock worth $40,482,000 after purchasing an additional 20,040 shares during the period. Institutional investors own 92.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EG. Barclays reduced their price objective on Everest Group from $527.00 to $517.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Keefe, Bruyette & Woods reduced their price target on 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 cut their price objective on shares of Everest Group from $406.00 to $402.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Jefferies Financial Group boosted their price target on shares of Everest Group from $440.00 to $457.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, Bank of America decreased their price objective on Everest Group from $496.00 to $485.00 and set a "buy" rating for the company in a report on Thursday, October 10th. Five research 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. Based on data from MarketBeat.com, Everest Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $438.00.

Everest Group Stock Performance

Shares of EG stock traded up $6.24 during midday trading on Friday, hitting $368.29. 408,387 shares of the company were exchanged, compared to its average volume of 348,067. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92. The firm has a market capitalization of $15.83 billion, a P/E ratio of 5.76, a PEG ratio of 2.59 and a beta of 0.63. The firm's 50 day moving average price is $383.08 and its two-hundred day moving average price is $380.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.40.

Everest Group Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.17%. Everest Group's dividend payout ratio (DPR) is currently 12.52%.

Insider Buying and Selling

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

Everest Group 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.