Nordea Investment Management AB lessened its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 86.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,526 shares of the company's stock after selling 23,436 shares during the quarter. Nordea Investment Management AB's holdings in Everest Group were worth $1,278,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. M&R Capital Management Inc. bought a new position in Everest Group during the third quarter worth about $29,000. Bruce G. Allen Investments LLC raised its stake in shares of Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company's stock valued at $31,000 after purchasing an additional 52 shares during the period. Eastern Bank acquired a new stake in Everest Group in the 3rd quarter valued at approximately $35,000. Brooklyn Investment Group acquired a new position in Everest Group during the 3rd quarter worth approximately $39,000. Finally, American National Bank & Trust grew its stake in shares of Everest Group by 80.0% during the 3rd quarter. American National Bank & Trust now owns 126 shares of the company's stock worth $49,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.
Insider Buying and Selling at Everest Group
In other news, Director William F. Galtney, Jr. bought 2,870 shares of the company's stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the acquisition, the director now owns 32,822 shares of the company's stock, valued at $11,443,062.08. This represents a 9.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mike Karmilowicz sold 269 shares of the firm's stock in a transaction dated 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 directly owns 12,726 shares in the company, valued at approximately $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. Corporate insiders own 1.20% of the company's stock.
Everest Group Stock Performance
Shares of NYSE EG opened at $353.95 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $15.21 billion, a P/E ratio of 5.54, a P/E/G ratio of 2.69 and a beta of 0.65. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $407.30. The stock has a 50 day moving average of $368.10 and a 200-day moving average of $376.99.
Everest Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.00 per share. The ex-dividend date was Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.26%. Everest Group's dividend payout ratio (DPR) is 12.52%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on EG shares. Bank of America reduced their target price on shares of Everest Group from $496.00 to $485.00 and set a "buy" rating for the company in a report on Thursday, October 10th. TD Cowen reduced their price objective on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research note on Monday, November 18th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research report on Friday. BMO Capital Markets upgraded Everest Group from a "market perform" rating to an "outperform" rating and raised their price target for the company from $372.00 to $453.00 in a research note on Friday. Finally, UBS Group upgraded Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $436.56.
Get Our Latest Research Report on EG
Everest Group Profile
(
Free Report)
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.
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