Qsemble Capital Management LP trimmed its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 65.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 777 shares of the company's stock after selling 1,449 shares during the period. Qsemble Capital Management LP's holdings in Everest Group were worth $304,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. American National Bank bought a new position in Everest Group in the second quarter valued at $27,000. M&R Capital Management Inc. acquired a new stake in shares of Everest Group in the third quarter valued at about $29,000. Bruce G. Allen Investments LLC raised its holdings in Everest Group by 200.0% during the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company's stock worth $31,000 after acquiring an additional 52 shares in the last quarter. Eastern Bank acquired a new position in Everest Group during the third quarter valued at approximately $35,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in Everest Group by 36.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company's stock valued at $44,000 after purchasing an additional 31 shares in the last quarter. 92.64% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on EG shares. BMO Capital Markets dropped their price objective on Everest Group from $383.00 to $372.00 and set a "market perform" rating on the stock in a research note on Thursday, November 14th. Jefferies Financial Group cut shares of Everest Group from a "buy" rating to a "hold" rating and increased their price target for the company from $420.00 to $429.00 in a research note on Tuesday. Keefe, Bruyette & Woods cut their target price on shares of Everest Group from $454.00 to $438.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. UBS Group raised Everest Group to a "hold" rating in a research report on Wednesday, October 9th. Finally, Barclays cut their price objective on Everest Group from $527.00 to $517.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $431.30.
View Our Latest Report on Everest Group
Everest Group Price Performance
NYSE EG traded up $3.48 on Thursday, hitting $389.00. 330,936 shares of the company's stock were exchanged, compared to its average volume of 356,248. The stock has a 50-day moving average of $380.79 and a 200-day moving average of $380.95. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 6.09, a P/E/G ratio of 2.89 and a beta of 0.63. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.04.
Everest Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.06%. Everest Group's dividend payout ratio is currently 12.52%.
Insider Buying and Selling
In other Everest Group news, Director William F. Galtney, Jr. purchased 2,870 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, the director now owns 32,822 shares of the company's stock, valued at $11,443,062.08. This represents a 9.58 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the completion of the transaction, the executive vice president now owns 12,726 shares of the company's stock, valued at $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 insiders.
About Everest Group
(
Free Report)
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.
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