Everest Group, Ltd. (NYSE:EG) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,247 shares of the company's stock after selling 2,396 shares during the period. Martingale Asset Management L P owned 0.14% of Everest Group worth $23,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EG. Csenge Advisory Group raised its position in shares of Everest Group by 2.2% during the 2nd quarter. Csenge Advisory Group now owns 1,239 shares of the company's stock valued at $472,000 after purchasing an additional 27 shares during the period. Legend Financial Advisors Inc. grew its position in shares of Everest Group by 1.6% during the second quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company's stock worth $672,000 after purchasing an additional 27 shares in the last quarter. Wedmont Private Capital raised its stake in Everest Group by 4.8% during the 3rd quarter. Wedmont Private Capital now owns 638 shares of the company's stock valued at $238,000 after purchasing an additional 29 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company's stock worth $44,000 after purchasing an additional 31 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its stake in Everest Group by 4.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 745 shares of the company's stock worth $284,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EG shares. Barclays dropped their target price on shares of Everest Group from $527.00 to $517.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. TD Cowen decreased their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research report on Monday, November 18th. Keefe, Bruyette & Woods reduced their price objective on Everest Group from $454.00 to $438.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group cut shares of Everest Group from a "buy" rating to a "hold" rating and boosted their price target for the stock from $420.00 to $429.00 in a research report on Tuesday. Finally, Wells Fargo & Company dropped their price objective on shares of 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. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $431.30.

Everest Group Trading Down 0.4 %

NYSE:EG traded down $1.44 during midday trading on Friday, hitting $387.56. The stock had a trading volume of 264,890 shares, compared to its average volume of 355,852. 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 stock has a 50-day moving average of $380.80 and a 200 day moving average of $381.01. The company has a market capitalization of $16.66 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 2.88 and a beta of 0.63. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $413.18.

Everest Group Announces Dividend

The company 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 dividend of $2.00 per share. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.06%. Everest Group's dividend payout ratio is currently 12.52%.

Insiders Place Their Bets

In other Everest Group news, Director William F. Galtney, Jr. acquired 2,870 shares of the stock in a transaction dated Monday, November 4th. The stock was purchased 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 of the company's stock, valued at $11,443,062.08. This trade represents a 9.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the 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 owns 12,726 shares of the company's stock, valued at approximately $4,434,756.48. This trade 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 owned by company insiders.

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.