Everest Group, Ltd. (NYSE:EG) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 45.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,743 shares of the company's stock after selling 84,177 shares during the period. Los Angeles Capital Management LLC owned approximately 0.24% of Everest Group worth $39,866,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EG. American National Bank acquired a new position in Everest Group during the second quarter worth $27,000. M&R Capital Management Inc. acquired a new position in shares of Everest Group during the 3rd quarter worth $29,000. Bruce G. Allen Investments LLC boosted its position in 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 during the last quarter. Eastern Bank acquired a new stake in shares of Everest Group during the third quarter valued at about $35,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Everest Group by 36.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company's stock worth $44,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Insider Activity

In related news, Director William F. Galtney, Jr. acquired 2,870 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The stock was acquired 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 directly owns 32,822 shares of the company's stock, valued at $11,443,062.08. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director William F. Galtney, Jr. bought 2,870 shares of the business's stock in a transaction on Monday, November 4th. The stock was purchased 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 of the company's stock, valued at approximately $11,443,062.08. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the transaction, the executive vice president now directly owns 12,726 shares of the company's stock, valued at approximately $4,434,756.48. The trade was a 0.00 % 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 traded up $1.19 during midday trading on Monday, hitting $369.48. 525,714 shares of the company's stock were exchanged, compared to its average volume of 348,678. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $417.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.38. The firm has a market cap of $15.88 billion, a P/E ratio of 5.78, a PEG ratio of 2.60 and a beta of 0.63. The stock's 50 day moving average price is $382.63 and its 200-day moving average price is $380.64.

Everest Group Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered their price objective on Everest Group from $406.00 to $402.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 5th. BMO Capital Markets restated a "market perform" rating and issued a $403.00 price target on shares of Everest Group in a research note on Friday, August 30th. UBS Group upgraded shares of Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their target price on shares of Everest Group from $440.00 to $457.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, Bank of America reduced their price target 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. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $438.00.

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.