Everest Group, Ltd. (NYSE:EG) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,758 shares of the company's stock after selling 1,132 shares during the period. Park Avenue Securities LLC's holdings in Everest Group were worth $1,362,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of Everest Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock valued at $453,818,000 after purchasing an additional 16,180 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Everest Group by 1.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company's stock worth $393,395,000 after buying an additional 17,885 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Everest Group by 6.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock worth $192,267,000 after buying an additional 30,458 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of Everest Group by 12,263.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company's stock valued at $162,766,000 after buying an additional 412,040 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Everest Group by 21.5% in the 3rd quarter. FMR LLC now owns 410,861 shares of the company's stock valued at $160,988,000 after acquiring an additional 72,822 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Wall Street Analysts Forecast Growth

EG has been the topic of several analyst reports. BMO Capital Markets raised Everest Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $372.00 to $453.00 in a research note on Friday, January 10th. Bank of America decreased their price target on Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. TD Cowen dropped their price objective on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research note on Monday, November 18th. Keefe, Bruyette & Woods increased their target price on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company cut their price target on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $435.44.

Everest Group Trading Up 0.7 %

EG traded up $2.36 on Monday, reaching $362.60. 370,655 shares of the company traded hands, compared to its average volume of 277,588. The company has a market cap of $15.58 billion, a P/E ratio of 5.67, a price-to-earnings-growth ratio of 2.33 and a beta of 0.65. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $407.30. The firm has a fifty day simple moving average of $367.92 and a two-hundred day simple moving average of $376.40.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a $2.00 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.21%. Everest Group's payout ratio is 12.52%.

Insider Buying and Selling

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 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 owns 32,822 shares of the company's stock, valued at $11,443,062.08. The trade was a 9.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the transaction, the chief operating officer now owns 15,009 shares in the company, valued at $5,553,330. This 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 owned by 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.