Everest Group, Ltd. (NYSE:EG) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC decreased its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 35.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,873 shares of the company's stock after selling 4,824 shares during the period. Manning & Napier Advisors LLC's holdings in Everest Group were worth $3,216,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. R Squared Ltd purchased a new position in Everest Group in the 4th quarter valued at about $207,000. Foundations Investment Advisors LLC boosted its holdings in Everest Group by 5.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock valued at $239,000 after purchasing an additional 37 shares during the last quarter. Mount Yale Investment Advisors LLC grew its stake in Everest Group by 4.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 12,388 shares of the company's stock valued at $4,490,000 after purchasing an additional 580 shares in the last quarter. Pacer Advisors Inc. grew its stake in Everest Group by 51.4% during the 4th quarter. Pacer Advisors Inc. now owns 5,882 shares of the company's stock valued at $2,132,000 after purchasing an additional 1,997 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Everest Group by 20.4% during the 4th quarter. Blue Trust Inc. now owns 544 shares of the company's stock worth $213,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Insider Buying and Selling at Everest Group

In related news, 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 value of $74,000.00. Following the sale, the chief operating officer now directly owns 15,009 shares in the company, valued at $5,553,330. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William F. Galtney, Jr. purchased 2,870 shares of Everest Group stock in a transaction on Monday, November 4th. The shares were acquired at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the transaction, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This trade represents a 9.58 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EG shares. TD Cowen reduced their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research note on Monday, November 18th. Barclays decreased their price objective on shares of Everest Group from $499.00 to $461.00 and set an "overweight" rating for the company in a report on Tuesday. Bank of America cut their target price on shares of Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a research note on Thursday, October 10th. UBS Group upgraded Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their price objective on Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Everest Group presently has a consensus rating of "Hold" and a consensus target price of $422.56.

Everest Group Stock Performance

Shares of NYSE:EG traded up $5.00 during trading on Thursday, hitting $356.51. 276,192 shares of the company traded hands, compared to its average volume of 390,915. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The business's fifty day moving average is $366.84 and its 200-day moving average is $375.87. The stock has a market capitalization of $15.32 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 2.47 and a beta of 0.65. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $407.30.

Everest Group Dividend Announcement

The business also recently announced 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 2.24%. The ex-dividend date was Wednesday, November 27th. Everest Group's dividend payout ratio is presently 12.52%.

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.