Tidal Investments LLC Lowers Holdings in Everest Group, Ltd. (NYSE:EG)

Tidal Investments LLC lowered its holdings in Everest Group, Ltd. (NYSE:EG) by 29.2% in the third quarter, HoldingsChannel reports. The firm owned 3,225 shares of the company’s stock after selling 1,333 shares during the quarter. Tidal Investments LLC’s holdings in Everest Group were worth $1,264,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EG. American National Bank purchased a new position in shares of Everest Group in the 2nd quarter valued at about $27,000. M&R Capital Management Inc. acquired a new stake in Everest Group in the third quarter valued at approximately $29,000. Bruce G. Allen Investments LLC lifted its stake in Everest Group by 200.0% in the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after acquiring an additional 52 shares during the last quarter. Eastern Bank acquired a new position in Everest Group during the 3rd quarter worth approximately $35,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Everest Group in the 3rd quarter valued at approximately $39,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director William F. Galtney, Jr. bought 2,870 shares of Everest Group stock in a transaction dated Monday, November 4th. The stock was bought 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. The trade was a 9.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,009 shares in the company, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. TD Cowen lowered their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. UBS Group raised Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Bank of America decreased their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price target on shares of Everest Group from $402.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Finally, Barclays reduced their price objective on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $430.00.

Everest Group Stock Down 1.9 %

EG stock opened at $348.33 on Thursday. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $407.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $14.97 billion, a price-to-earnings ratio of 5.45, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. The company has a fifty day moving average price of $375.96 and a 200 day moving average price of $379.27.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.30%. Everest Group’s dividend payout ratio (DPR) is 12.52%.

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.