Foster & Motley Inc. Has $1.84 Million Position in Everest Group, Ltd. (NYSE:EG)

Foster & Motley Inc. cut its stake in shares of Everest Group, Ltd. (NYSE:EG) by 43.1% during the 4th quarter, HoldingsChannel reports. The firm owned 5,077 shares of the company’s stock after selling 3,840 shares during the period. Foster & Motley Inc.’s holdings in Everest Group were worth $1,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EG. Creative Planning grew its holdings in shares of Everest Group by 75.5% during the 2nd quarter. Creative Planning now owns 2,536 shares of the company’s stock valued at $966,000 after purchasing an additional 1,091 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Everest Group during the 2nd quarter valued at approximately $921,000. Cetera Investment Advisers grew its holdings in shares of Everest Group by 9.0% during the 2nd quarter. Cetera Investment Advisers now owns 5,316 shares of the company’s stock valued at $2,026,000 after purchasing an additional 437 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Everest Group during the 2nd quarter valued at approximately $466,000. Finally, M&R Capital Management Inc. bought a new stake in shares of Everest Group during the 3rd quarter valued at approximately $29,000. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Up 0.3 %

Everest Group stock opened at $352.44 on Friday. 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, Ltd. has a 12-month low of $343.76 and a 12-month high of $407.30. The firm’s fifty day moving average is $366.17 and its 200 day moving average is $375.71. The company has a market capitalization of $15.15 billion, a PE ratio of 5.52, a PEG ratio of 2.47 and a beta of 0.65.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.27%. Everest Group’s payout ratio is presently 12.52%.

Insider Activity at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction of $74,000.00. Following the transaction, the chief operating officer now owns 15,009 shares in the company, valued at approximately $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William F. Galtney, Jr. acquired 2,870 shares of the stock in a transaction on Monday, November 4th. The shares were acquired at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the acquisition, 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 position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EG has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. TD Cowen reduced their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. UBS Group raised shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Bank of America reduced their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $422.56.

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.