Everest Group, Ltd. (NYSE:EG) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 19.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,468 shares of the company's stock after selling 16,936 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.17% of Everest Group worth $28,003,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC grew its position in Everest Group by 284.8% during the 3rd quarter. SG Americas Securities LLC now owns 24,556 shares of the company's stock worth $9,622,000 after purchasing an additional 18,175 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Everest Group during the 2nd quarter worth approximately $921,000. Intech Investment Management LLC grew its position in Everest Group by 13.1% during the 3rd quarter. Intech Investment Management LLC now owns 27,324 shares of the company's stock worth $10,706,000 after purchasing an additional 3,166 shares during the last quarter. Mutual of America Capital Management LLC grew its position in Everest Group by 17.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 19,962 shares of the company's stock worth $7,822,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Everest Group by 92.9% during the 2nd quarter. Blue Trust Inc. now owns 162 shares of the company's stock worth $64,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Everest Group Stock Performance

Shares of EG traded down $3.82 during trading hours on Wednesday, hitting $381.39. The stock had a trading volume of 119,583 shares, compared to its average volume of 355,846. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a 50-day moving average price of $380.79 and a 200 day moving average price of $381.03. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $407.30. The firm has a market capitalization of $16.39 billion, a price-to-earnings ratio of 6.03, a PEG ratio of 2.84 and a beta of 0.64.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Wednesday, November 27th. Everest Group's dividend payout ratio is currently 12.52%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Bank of America dropped their target price 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. Keefe, Bruyette & Woods dropped their price objective on shares of Everest Group from $454.00 to $438.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Barclays dropped their price objective on shares of Everest Group from $527.00 to $517.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. TD Cowen dropped their price objective on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a report on Monday, November 18th. Finally, BMO Capital Markets dropped their price objective on shares of Everest Group from $383.00 to $372.00 and set a "market perform" rating on the stock in a report on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $431.30.

Insider Activity 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 completion of the transaction, the chief operating officer now directly 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 legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the company's stock in a transaction on Monday, November 4th. The stock was 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 of the company's stock, valued at $4,434,756.48. This represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

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.