Everest Group, Ltd. (NYSE:EG) Shares Purchased by Traynor Capital Management Inc.

Traynor Capital Management Inc. boosted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 31.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,628 shares of the company’s stock after purchasing an additional 631 shares during the quarter. Traynor Capital Management Inc.’s holdings in Everest Group were worth $953,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of Everest Group by 152.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company’s stock valued at $8,225,000 after acquiring an additional 13,687 shares during the last quarter. Dakota Wealth Management increased its stake in Everest Group by 1.7% in the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock valued at $705,000 after purchasing an additional 32 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Everest Group by 206.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,745 shares of the company’s stock valued at $1,720,000 after purchasing an additional 3,197 shares during the last quarter. Polianta Ltd raised its holdings in Everest Group by 20.7% during the fourth quarter. Polianta Ltd now owns 3,500 shares of the company’s stock worth $1,268,000 after purchasing an additional 600 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Everest Group by 16.7% during the 4th quarter. HB Wealth Management LLC now owns 2,260 shares of the company’s stock worth $819,000 after buying an additional 324 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and upped their target price for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Bank of America cut their price target 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. Keefe, Bruyette & Woods increased their price objective on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Barclays cut their target price on shares of Everest Group from $517.00 to $499.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $435.44.

Everest Group Trading Down 0.1 %

Shares of EG opened at $364.05 on Thursday. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $407.30. 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 $15.65 billion, a P/E ratio of 5.70, a PEG ratio of 2.47 and a beta of 0.65. The firm’s 50-day moving average is $367.58 and its two-hundred day moving average is $376.32.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.20%. Everest Group’s payout ratio is 12.52%.

Insider Activity

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