Everest Group, Ltd. (NYSE:EG) Stock Position Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 19.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,469 shares of the company's stock after buying an additional 12,791 shares during the period. JPMorgan Chase & Co. owned about 0.18% of Everest Group worth $30,747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EG. M&R Capital Management Inc. purchased a new position in Everest Group during the third quarter valued at $29,000. Bruce G. Allen Investments LLC boosted its holdings 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 worth $31,000 after purchasing an additional 52 shares during the period. Eastern Bank bought a new position in Everest Group during the third quarter valued at $35,000. Brooklyn Investment Group purchased a new stake in Everest Group in the 3rd quarter worth about $39,000. Finally, American National Bank & Trust boosted its holdings in Everest Group by 80.0% during the 3rd quarter. American National Bank & Trust now owns 126 shares of the company's stock valued at $49,000 after acquiring an additional 56 shares during the period. Institutional investors own 92.64% of the company's stock.

Everest Group Trading Down 0.8 %

EG stock traded down $3.01 on Wednesday, hitting $368.01. 354,807 shares of the company were exchanged, compared to its average volume of 328,321. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 5.76, a price-to-earnings-growth ratio of 2.69 and a beta of 0.65. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $407.30. The business's fifty day moving average is $368.03 and its two-hundred day moving average is $377.35.

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 $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group's dividend payout ratio (DPR) is presently 12.52%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EG. Bank of America cut their price objective 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. UBS Group raised Everest Group to a "hold" rating in a report on Wednesday, October 9th. BMO Capital Markets dropped their price target on shares of Everest Group from $383.00 to $372.00 and set a "market perform" rating on the stock in a research report on Thursday, November 14th. TD Cowen cut their price target on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a report on Monday, November 18th. Finally, Wells Fargo & Company decreased their target price on Everest Group from $402.00 to $390.00 and set an "equal weight" rating on the stock in a research report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Everest Group has a consensus rating of "Hold" and a consensus target price of $428.00.

Insider Buying and Selling

In other Everest Group news, COO James Allan Williamson sold 200 shares of the firm'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 of the company's stock, valued at $5,553,330. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the business's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of 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 represents a 2.07 % 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.

About Everest Group

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.