ING Groep NV Has $855,000 Stock Position in Everest Group, Ltd. (NYSE:EG)

ING Groep NV lowered its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 59.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,181 shares of the company's stock after selling 3,194 shares during the quarter. ING Groep NV's holdings in Everest Group were worth $855,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. American National Bank acquired a new stake in shares of Everest Group in the second quarter worth $27,000. M&R Capital Management Inc. acquired a new position in shares of Everest Group in the 3rd quarter valued at $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 buying an additional 52 shares in the last quarter. Eastern Bank acquired a new position in shares of Everest Group in the 3rd quarter valued at $35,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company's stock valued at $44,000 after buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Trading Up 0.3 %

Shares of NYSE:EG traded up $1.26 during mid-day trading on Monday, reaching $372.59. The stock had a trading volume of 138,028 shares, compared to its average volume of 348,085. The firm has a market cap of $16.01 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 2.66 and a beta of 0.63. The firm has a 50 day simple moving average of $380.99 and a two-hundred day simple moving average of $380.69. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $417.92.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a $2.00 dividend. 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 2.15%. Everest Group's dividend payout ratio is 12.52%.

Analyst Ratings Changes

EG has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of Everest Group from $406.00 to $402.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 5th. Bank of America decreased their price objective on shares of Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. Keefe, Bruyette & Woods decreased 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. BMO Capital Markets decreased 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. Finally, Barclays decreased 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. Five 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 company has an average rating of "Moderate Buy" and an average target price of $436.45.

Insider Activity at Everest Group

In related news, Director William F. Galtney, Jr. bought 2,870 shares of the company's stock in a transaction on Monday, November 4th. The shares were purchased at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the acquisition, the director now owns 32,822 shares of the company's stock, valued at approximately $11,443,062.08. This represents a 9.58 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO James Allan Williamson sold 200 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the sale, the chief operating officer now owns 15,009 shares in the company, valued at $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate 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.