Foster & Motley Inc. Sells 2,856 Shares of Everest Group, Ltd. (NYSE:EG)

Foster & Motley Inc. reduced its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 24.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,917 shares of the company's stock after selling 2,856 shares during the quarter. Foster & Motley Inc.'s holdings in Everest Group were worth $3,494,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EG. Csenge Advisory Group boosted its position in shares of Everest Group by 2.2% during the second quarter. Csenge Advisory Group now owns 1,239 shares of the company's stock worth $472,000 after buying an additional 27 shares during the period. Legend Financial Advisors Inc. raised its holdings in Everest Group by 1.6% during the second quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company's stock worth $672,000 after purchasing an additional 27 shares in the last quarter. Wedmont Private Capital raised its holdings 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 purchasing an additional 29 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Everest Group by 36.9% during the second 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 raised its holdings in Everest Group by 4.6% during the second quarter. Banque Cantonale Vaudoise now owns 745 shares of the company's stock worth $284,000 after purchasing an additional 33 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EG. BMO Capital Markets reissued a "market perform" rating and set a $403.00 target price on shares of Everest Group in a report on Friday, August 30th. Bank of America dropped their target price on Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. Jefferies Financial Group upped their price target on Everest Group from $440.00 to $457.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Morgan Stanley dropped their price target on Everest Group from $450.00 to $445.00 and set an "overweight" rating on the stock in a report on Wednesday, July 10th. Finally, UBS Group raised Everest Group to a "hold" rating in a report on Wednesday, October 9th. 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. According to MarketBeat, Everest Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $438.00.

Insiders Place Their Bets

In other news, EVP Mike Karmilowicz sold 269 shares of the business's stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director William F. Galtney, Jr. purchased 2,870 shares of the stock in a transaction dated 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 acquisition, the director now directly owns 32,822 shares in the company, valued at approximately $11,443,062.08. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the business's stock in a transaction 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 owns 12,726 shares in the company, valued at approximately $4,434,756.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Everest Group Trading Down 0.2 %

NYSE EG traded down $0.68 on Thursday, hitting $365.92. 196,039 shares of the stock were exchanged, compared to its average volume of 346,478. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $417.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 5.74, a P/E/G ratio of 2.46 and a beta of 0.63. The company's 50-day moving average price is $384.13 and its two-hundred day moving average price is $380.59.

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.