Everest Group, Ltd. (NYSE:EG) Shares Bought by Stifel Financial Corp

Stifel Financial Corp lifted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,347 shares of the company’s stock after buying an additional 162 shares during the quarter. Stifel Financial Corp’s holdings in Everest Group were worth $1,704,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. M&R Capital Management Inc. bought a new stake in Everest Group in the 3rd quarter valued at about $29,000. Bruce G. Allen Investments LLC grew 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 valued at $31,000 after buying an additional 52 shares in the last quarter. Eastern Bank bought a new stake in shares of Everest Group during the 3rd quarter worth about $35,000. Brooklyn Investment Group acquired a new position in shares of Everest Group during the third quarter valued at approximately $39,000. Finally, American National Bank & Trust boosted its stake in Everest Group by 80.0% during the 3rd quarter. American National Bank & Trust now owns 126 shares of the company’s stock valued at $49,000 after purchasing an additional 56 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EG. TD Cowen lowered their price objective on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. BMO Capital Markets decreased their target price on Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a report on Thursday, November 14th. Wells Fargo & Company reduced their price objective on shares of Everest Group from $402.00 to $390.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. UBS Group upgraded shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Finally, Bank of America lowered their price objective on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Everest Group currently has a consensus rating of “Hold” and a consensus target price of $430.00.

Insider Transactions at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction 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 owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the completion of the sale, the executive vice president now owns 12,726 shares of the company’s stock, valued at $4,434,756.48. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Everest Group Stock Up 2.1 %

Shares of EG stock opened at $356.64 on Friday. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $407.30. 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 stock’s 50 day simple moving average is $374.24 and its 200 day simple moving average is $378.85. The company has a market capitalization of $15.33 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 2.69 and a beta of 0.64.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is currently 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.