Brooklyn Investment Group Takes $39,000 Position in Everest Group, Ltd. (NYSE:EG)

Brooklyn Investment Group acquired a new stake in Everest Group, Ltd. (NYSE:EG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 100 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EG. Price T Rowe Associates Inc. MD boosted its stake in shares of Everest Group by 14.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 78,277 shares of the company’s stock valued at $31,116,000 after buying an additional 9,714 shares during the period. Tidal Investments LLC boosted its stake in shares of Everest Group by 9.4% in the 1st quarter. Tidal Investments LLC now owns 3,991 shares of the company’s stock valued at $1,584,000 after buying an additional 342 shares during the period. Swedbank AB purchased a new position in shares of Everest Group in the 1st quarter valued at about $15,074,000. Cetera Investment Advisers raised its position in shares of Everest Group by 39.3% during the 1st quarter. Cetera Investment Advisers now owns 4,879 shares of the company’s stock worth $1,940,000 after acquiring an additional 1,377 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of Everest Group during the 1st quarter worth about $340,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Trading Down 0.4 %

EG opened at $387.48 on Friday. The business’s 50 day moving average is $380.80 and its two-hundred day moving average is $381.01. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $413.18. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of 6.09, a price-to-earnings-growth ratio of 2.88 and a beta of 0.63. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.06%. Everest Group’s dividend payout ratio (DPR) is currently 12.52%.

Insider Buying and Selling at Everest Group

In other Everest Group news, 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 transaction, the chief operating officer now directly owns 15,009 shares in the company, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of the sale, the executive vice president now owns 12,726 shares in the company, valued at approximately $4,434,756.48. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $420.00 to $429.00 in a research report on Tuesday. BMO Capital Markets cut their target price on Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a research report on Thursday, November 14th. Barclays cut their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. UBS Group raised Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company cut their target price on Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $431.30.

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.