Everest Group, Ltd. (NYSE:EG) COO Sells $74,000.00 in Stock

Everest Group, Ltd. (NYSE:EG) COO James Allan Williamson sold 200 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at $5,553,330. The trade was a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Everest Group Price Performance

Shares of NYSE EG opened at $370.59 on Wednesday. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92. 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 market cap of $15.93 billion, a P/E ratio of 5.80, a P/E/G ratio of 2.66 and a beta of 0.63. The business’s 50 day moving average price is $380.51 and its 200 day moving average price is $380.71.

Everest Group Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio is currently 12.52%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EG. TD Cowen dropped their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday. Bank of America dropped their price objective on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. UBS Group upgraded shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Jefferies Financial Group lifted their price objective on shares of Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets reduced their price objective on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research note on Thursday, November 14th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $436.45.

Hedge Funds Weigh In On Everest Group

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its holdings in Everest Group by 284.8% during the third quarter. SG Americas Securities LLC now owns 24,556 shares of the company’s stock worth $9,622,000 after acquiring an additional 18,175 shares during the period. Clearbridge Investments LLC grew its stake in shares of Everest Group by 1.5% during the 1st quarter. Clearbridge Investments LLC now owns 289,439 shares of the company’s stock worth $115,052,000 after purchasing an additional 4,412 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of Everest Group during the 2nd quarter valued at approximately $921,000. Blue Trust Inc. lifted its stake in shares of Everest Group by 92.9% in the 2nd quarter. Blue Trust Inc. now owns 162 shares of the company’s stock valued at $64,000 after purchasing an additional 78 shares during the period. Finally, Raymond James & Associates boosted its holdings in Everest Group by 29.6% during the third quarter. Raymond James & Associates now owns 31,966 shares of the company’s stock worth $12,525,000 after buying an additional 7,306 shares in the last quarter. Hedge funds and other institutional investors own 92.64% 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.