Entropy Technologies LP Purchases Shares of 2,702 Everest Group, Ltd. (NYSE:EG)

Entropy Technologies LP acquired a new position in Everest Group, Ltd. (NYSE:EG) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 2,702 shares of the company’s stock, valued at approximately $1,059,000.

Other large investors have also modified their holdings of the company. American National Bank bought a new stake in Everest Group during the second quarter valued at about $27,000. M&R Capital Management Inc. bought a new stake in Everest Group during the 3rd quarter valued at approximately $29,000. Bruce G. Allen Investments LLC grew its holdings in Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after buying an additional 52 shares during the last quarter. Eastern Bank acquired a new position in shares of Everest Group during the third quarter worth approximately $35,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of 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 acquiring an additional 31 shares during the period. 92.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EG shares. 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. Barclays cut their price objective 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. Bank of America decreased their price objective on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. UBS Group upgraded Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Finally, TD Cowen decreased their price target on shares of Everest Group from $419.00 to $405.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $438.00.

Everest Group Stock Up 0.5 %

EG opened at $370.72 on Thursday. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $417.92. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 5.80, a PEG ratio of 2.64 and a beta of 0.63. The firm’s 50-day simple moving average is $381.70 and its 200-day simple moving average is $380.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is currently 12.52%.

Insider Transactions at Everest Group

In related news, EVP Mike Karmilowicz sold 269 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the completion of the sale, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at $4,434,756.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related 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 acquired 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 directly owns 32,822 shares of the company’s stock, valued at $11,443,062.08. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

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.