Everest Group, Ltd. (NYSE:EG) Director Buys $1,000,596.80 in Stock

Everest Group, Ltd. (NYSE:EG) Director William F. Galtney, Jr. purchased 2,870 shares of the stock in a transaction on Monday, November 4th. The shares were bought at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the acquisition, the director now owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Everest Group Stock Performance

NYSE EG traded up $10.99 during trading hours on Wednesday, hitting $365.60. 278,682 shares of the stock were exchanged, compared to its average volume of 346,463. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $417.92. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.22. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 2.46 and a beta of 0.63. The stock has a 50-day moving average of $384.59 and a 200 day moving average of $380.69.

Institutional Investors Weigh In On Everest Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boston Partners increased its position in shares of Everest Group by 29.1% in the 1st quarter. Boston Partners now owns 1,197,457 shares of the company’s stock worth $475,750,000 after purchasing an additional 269,665 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Everest Group by 30.2% in the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock valued at $221,057,000 after buying an additional 134,517 shares during the period. Assetmark Inc. boosted its holdings in shares of Everest Group by 39.7% in the 3rd quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock valued at $160,646,000 after buying an additional 116,559 shares during the period. Arnhold LLC acquired a new position in shares of Everest Group in the 1st quarter valued at about $19,896,000. Finally, Champlain Investment Partners LLC boosted its holdings in shares of Everest Group by 5.3% in the 1st quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock valued at $360,175,000 after buying an additional 45,705 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EG shares. Bank of America cut their price target on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company decreased their price target on Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday. UBS Group raised Everest Group to a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets reiterated a “market perform” rating and set a $403.00 price objective on shares of Everest Group in a research note on Friday, August 30th. Finally, Barclays dropped their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Everest Group currently has a consensus rating of “Moderate Buy” and an average price target of $438.00.

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.