Everest Group, Ltd. (NYSE:EG) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its stake in shares of Everest Group, Ltd. (NYSE:EG) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,473 shares of the company’s stock after selling 114 shares during the period. Retirement Systems of Alabama’s holdings in Everest Group were worth $3,712,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EG. Legend Financial Advisors Inc. grew its stake in shares of Everest Group by 1.6% during the 2nd quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company’s stock worth $672,000 after purchasing an additional 27 shares during the period. Wedmont Private Capital grew its position in Everest Group by 4.8% during the third quarter. Wedmont Private Capital now owns 638 shares of the company’s stock valued at $238,000 after buying an additional 29 shares during the period. Banque Cantonale Vaudoise increased its holdings in Everest Group by 4.6% in the second quarter. Banque Cantonale Vaudoise now owns 745 shares of the company’s stock valued at $284,000 after buying an additional 33 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of Everest Group by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock worth $4,392,000 after acquiring an additional 38 shares during the period. Finally, Center For Asset Management LLC boosted its stake in shares of Everest Group by 3.6% during the 2nd quarter. Center For Asset Management LLC now owns 1,243 shares of the company’s stock worth $474,000 after acquiring an additional 43 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. UBS Group upgraded Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Barclays cut their price target on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company decreased their price objective on shares of Everest Group from $402.00 to $390.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Finally, BMO Capital Markets cut their target price 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. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $430.00.

Insider Activity at Everest Group

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

Everest Group Stock Performance

EG opened at $349.36 on Friday. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $407.30. The firm has a market capitalization of $15.02 billion, a PE ratio of 5.47, a PEG ratio of 2.69 and a beta of 0.64. 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’s 50-day moving average price is $375.13 and its 200 day moving average price is $379.06.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were given a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.29%. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Everest Group Company Profile

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.