Everest Group, Ltd. (NYSE:EG) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,857 shares of the company's stock after selling 3,941 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Everest Group worth $14,050,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EG. American National Bank acquired a new position in Everest Group during the 2nd quarter valued at approximately $27,000. M&R Capital Management Inc. acquired a new position in shares of Everest Group in the 3rd quarter valued at $29,000. Bruce G. Allen Investments LLC raised its stake in Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company's stock worth $31,000 after acquiring an additional 52 shares during the last quarter. Eastern Bank purchased a new position in Everest Group in the 3rd quarter worth $35,000. Finally, Brooklyn Investment Group acquired a new stake in Everest Group during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Price Performance

Shares of EG stock traded down $1.44 during trading hours on Friday, hitting $387.56. 264,896 shares of the company's stock were exchanged, compared to its average volume of 455,619. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $413.18. The firm has a market cap of $16.66 billion, a P/E ratio of 6.07, a P/E/G ratio of 2.87 and a beta of 0.63. 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 firm has a 50 day moving average of $380.80 and a two-hundred day moving average of $381.07.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, November 27th. Everest Group's dividend payout ratio is presently 12.52%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. TD Cowen reduced their price objective 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 dropped their price objective on shares of Everest Group from $527.00 to $517.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Keefe, Bruyette & Woods reduced their target price on shares of Everest Group from $454.00 to $438.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Bank of America decreased their target price on shares of Everest Group from $496.00 to $485.00 and set a "buy" rating for the company in a research report on Thursday, October 10th. Finally, UBS Group upgraded Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $431.30.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director William F. Galtney, Jr. purchased 2,870 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were purchased at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the purchase, the director now owns 32,822 shares in the company, valued at approximately $11,443,062.08. This represents a 9.58 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mike Karmilowicz sold 269 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the sale, the executive vice president now directly owns 12,726 shares of the company's stock, valued at approximately $4,434,756.48. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

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.