KBC Group NV Trims Stake in Everest Group, Ltd. (NYSE:EG)

KBC Group NV reduced its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 53.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,524 shares of the company's stock after selling 192,887 shares during the quarter. KBC Group NV owned 0.39% of Everest Group worth $66,424,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. American National Bank bought a new stake in shares of Everest Group during the 2nd quarter worth $27,000. M&R Capital Management Inc. bought a new stake in shares of Everest Group during the 3rd quarter worth $29,000. Bruce G. Allen Investments LLC lifted its position in shares of Everest Group by 200.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company's stock worth $31,000 after buying an additional 52 shares during the last quarter. Eastern Bank bought a new stake in shares of Everest Group during the 3rd quarter worth $35,000. Finally, Massmutual Trust Co. FSB ADV raised its position in Everest Group by 36.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company's stock valued at $44,000 after purchasing an additional 31 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Performance

Everest Group stock traded down $2.23 during mid-day trading on Thursday, reaching $368.45. 143,789 shares of the company's stock were exchanged, compared to its average volume of 348,140. The business's fifty day simple moving average is $381.70 and its 200 day simple moving average is $380.60. The firm has a market capitalization of $15.84 billion, a PE ratio of 5.80, a P/E/G ratio of 2.64 and a beta of 0.63. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $417.92. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.17%. Everest Group's payout ratio is presently 12.52%.

Insider Buying and Selling at Everest Group

In other 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 in the company, valued at approximately $4,434,756.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Everest Group news, Director William F. Galtney, Jr. bought 2,870 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the transaction, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the sale, the executive vice president now directly owns 12,726 shares of the company's stock, valued at approximately $4,434,756.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BMO Capital Markets decreased their price target on Everest Group from $383.00 to $372.00 and set a "market perform" rating for the company in a research note on Thursday. TD Cowen decreased their price target on Everest Group from $419.00 to $405.00 and set a "hold" rating for the company in a research note on Tuesday, August 13th. Jefferies Financial Group increased their price target on Everest Group from $440.00 to $457.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. UBS Group raised Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Finally, Barclays decreased their price target on Everest Group from $527.00 to $517.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $435.18.

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.