Everest Group, Ltd. (NYSE:EG) Director William F. Galtney, Jr. Acquires 2,870 Shares

Everest Group, Ltd. (NYSE:EG) Director William F. Galtney, Jr. purchased 2,870 shares of Everest Group stock in a transaction dated Monday, November 4th. The shares were acquired at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the transaction, the director now owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Everest Group Stock Up 3.1 %

Shares of NYSE EG traded up $10.99 during midday trading on Wednesday, reaching $365.60. 278,682 shares of the company’s stock traded hands, compared to its average volume of 346,463. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $417.92. The stock’s 50 day simple moving average is $384.59 and its 200-day simple moving average is $380.69. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.22. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 5.55, a P/E/G ratio of 2.46 and a beta of 0.63.

Institutional Trading of Everest Group

Several institutional investors have recently modified their holdings of EG. Norden Group LLC purchased a new position in shares of Everest Group during the 1st quarter worth approximately $222,000. Commonwealth Equity Services LLC boosted its holdings in shares of Everest Group by 156.8% in the first quarter. Commonwealth Equity Services LLC now owns 1,880 shares of the company’s stock valued at $748,000 after acquiring an additional 1,148 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Everest Group by 5.5% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,214 shares of the company’s stock valued at $483,000 after purchasing an additional 63 shares during the period. Daiwa Securities Group Inc. raised its position in Everest Group by 6.7% during the first quarter. Daiwa Securities Group Inc. now owns 4,225 shares of the company’s stock worth $1,679,000 after acquiring an additional 264 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in Everest Group by 6.6% in the first quarter. Mutual of America Capital Management LLC now owns 15,943 shares of the company’s stock valued at $6,337,000 after purchasing an additional 989 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays reduced their price target 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. UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley dropped their target price on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a $403.00 target price on shares of Everest Group in a research report on Friday, August 30th. Finally, TD Cowen reduced their price target on shares of Everest Group from $419.00 to $405.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Five research 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $438.00.

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.