Everest Group, Ltd. (NYSE:EG - Get Free Report) COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the sale, the chief operating officer now owns 15,009 shares of the company's stock, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Everest Group Trading Up 0.5 %
NYSE EG opened at $373.33 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $16.05 billion, a P/E ratio of 5.84, a PEG ratio of 2.66 and a beta of 0.63. The business has a fifty day simple moving average of $380.72 and a 200 day simple moving average of $380.70. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $417.92.
Everest Group Announces Dividend
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The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.14%. The ex-dividend date is Wednesday, November 27th. Everest Group's dividend payout ratio (DPR) is presently 12.52%.
Analysts Set New Price Targets
EG has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on shares of Everest Group from $440.00 to $457.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. BMO Capital Markets dropped their price objective on shares of Everest Group from $383.00 to $372.00 and set a "market perform" rating on the stock in a report on Thursday, November 14th. UBS Group upgraded Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods dropped their price target on Everest Group from $454.00 to $438.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Finally, 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. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $436.45.
View Our Latest Report on Everest Group
Institutional Investors Weigh In On Everest Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners grew its holdings in shares of Everest Group by 29.1% in the first quarter. Boston Partners now owns 1,197,457 shares of the company's stock valued at $475,750,000 after acquiring an additional 269,665 shares in the last quarter. Geode Capital Management LLC boosted its position in Everest Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock worth $453,818,000 after purchasing an additional 16,180 shares during the last quarter. AQR Capital Management LLC boosted its position in Everest Group by 1.8% in the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company's stock worth $393,395,000 after purchasing an additional 17,885 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Everest Group by 30.2% during the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company's stock valued at $221,057,000 after purchasing an additional 134,517 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Everest Group by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company's stock worth $203,891,000 after purchasing an additional 38,254 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.
Everest Group Company Profile
(
Get 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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