Signature Estate & Investment Advisors LLC Trims Stock Position in Everest Group, Ltd. (NYSE:EG)

Signature Estate & Investment Advisors LLC lowered its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 37.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,906 shares of the company’s stock after selling 2,930 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Everest Group were worth $1,922,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Boston Partners increased its position in shares of Everest Group by 29.1% during the 1st quarter. Boston Partners now owns 1,197,457 shares of the company’s stock valued at $475,750,000 after purchasing an additional 269,665 shares during the last quarter. AQR Capital Management LLC increased its holdings in Everest Group by 1.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company’s stock worth $393,395,000 after acquiring an additional 17,885 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in Everest Group by 5.3% in the 1st quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock worth $360,175,000 after acquiring an additional 45,705 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Everest Group by 30.2% in the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock worth $221,057,000 after acquiring an additional 134,517 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Everest Group by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock worth $203,891,000 after acquiring an additional 38,254 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Up 1.3 %

NYSE EG opened at $371.39 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $15.96 billion, a P/E ratio of 5.81, a P/E/G ratio of 2.66 and a beta of 0.63. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $417.92. The stock has a 50 day moving average price of $380.99 and a 200-day moving average price of $380.52.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.15%. Everest Group’s dividend payout ratio is presently 12.52%.

Insider Buying and Selling

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the 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 sale, the executive vice president now owns 12,726 shares in the company, valued at $4,434,756.48. This trade represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William F. Galtney, Jr. bought 2,870 shares of Everest Group stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, 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. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on EG. UBS Group raised shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company reduced their target price on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Keefe, Bruyette & Woods reduced their target price on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. BMO Capital Markets dropped their price target on Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Barclays dropped their price target on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $435.18.

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.