Everest Group, Ltd. (NYSE:EG) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its holdings in Everest Group, Ltd. (NYSE:EG) by 3.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 60,247 shares of the company’s stock after selling 2,396 shares during the period. Martingale Asset Management L P’s holdings in Everest Group were worth $23,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of EG. American National Bank acquired a new position in Everest Group in the 2nd quarter worth approximately $27,000. M&R Capital Management Inc. purchased a new stake in Everest Group in the 3rd quarter worth approximately $29,000. Bruce G. Allen Investments LLC boosted its position 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 in the last quarter. Eastern Bank purchased a new stake in Everest Group in the 3rd quarter worth approximately $35,000. Finally, Brooklyn Investment Group purchased a new stake in Everest Group in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Up 0.9 %

NYSE EG opened at $389.00 on Friday. The business has a fifty day moving average price of $380.79 and a 200 day moving average price of $380.95. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $417.04. 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 cap of $16.72 billion, a P/E ratio of 6.09, a P/E/G ratio of 2.88 and a beta of 0.63.

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. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Analysts Set New Price Targets

Several research firms have commented on EG. Barclays lowered their price objective 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. Bank of America lowered their price objective on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and increased their target price for the company from $420.00 to $429.00 in a research report on Tuesday. TD Cowen decreased their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Finally, UBS Group upgraded Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $431.30.

Insiders Place Their Bets

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at $4,434,756.48. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William F. Galtney, Jr. acquired 2,870 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the transaction, the director now directly owns 32,822 shares in the company, valued at approximately $11,443,062.08. The trade was a 9.58 % increase in their position. The disclosure for this purchase can be found here. Corporate 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.