Legend Financial Advisors Inc. Raises Stock Position in Everest Group, Ltd. (NYSE:EG)

Legend Financial Advisors Inc. raised its holdings in Everest Group, Ltd. (NYSE:EG) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,860 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Everest Group accounts for approximately 0.5% of Legend Financial Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. Legend Financial Advisors Inc.’s holdings in Everest Group were worth $674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EG. M&R Capital Management Inc. acquired a new position in shares of Everest Group in the third quarter worth about $29,000. Bruce G. Allen Investments LLC raised 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 worth $31,000 after purchasing an additional 52 shares during the period. Eastern Bank purchased a new position in Everest Group during the third quarter worth approximately $35,000. Brooklyn Investment Group purchased a new stake in shares of Everest Group in the third quarter valued at approximately $39,000. Finally, American National Bank & Trust raised its stake in shares of Everest Group by 80.0% during the 3rd quarter. American National Bank & Trust now owns 126 shares of the company’s stock worth $49,000 after buying an additional 56 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Trading Up 2.6 %

Shares of EG traded up $9.29 during mid-day trading on Tuesday, reaching $370.96. The stock had a trading volume of 318,533 shares, compared to its average volume of 321,516. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $407.30. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 5.81, a P/E/G ratio of 2.69 and a beta of 0.65. The business’s fifty day moving average is $368.14 and its 200 day moving average is $377.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.00 per share. The ex-dividend date was Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.16%. Everest Group’s dividend payout ratio (DPR) is 12.52%.

Wall Street Analysts Forecast Growth

EG has been the topic of a number of research analyst reports. BMO Capital Markets dropped their price target on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company cut their target price on shares of Everest Group from $402.00 to $390.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Barclays decreased their price target on shares of Everest Group from $517.00 to $499.00 and set an “overweight” rating on the stock in a research note on Monday. Bank of America reduced their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Finally, UBS Group raised Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Everest Group presently has an average rating of “Hold” and an average target price of $428.00.

Insider Buying and Selling at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the business’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 value of $74,000.00. Following the sale, the chief operating officer now owns 15,009 shares of the company’s stock, valued at $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William F. Galtney, Jr. acquired 2,870 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was purchased 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 approximately $11,443,062.08. This represents a 9.58 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

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.