Everest Group, Ltd. (NYSE:EG) EVP Sells $93,741.12 in Stock

Everest Group, Ltd. (NYSE:EG) EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction on 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 transaction, the executive vice president now owns 12,726 shares in the company, valued at approximately $4,434,756.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Everest Group Trading Up 3.4 %

Shares of EG stock opened at $366.60 on Thursday. The firm has a 50-day moving average price of $384.13 and a 200 day moving average price of $380.59. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $417.92. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 2.46 and a beta of 0.63. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EG. Mizuho Securities USA LLC grew its holdings in Everest Group by 12,263.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock valued at $162,766,000 after buying an additional 412,040 shares during the period. Boston Partners grew its holdings in Everest Group by 29.1% in the 1st quarter. Boston Partners now owns 1,197,457 shares of the company’s stock valued at $475,750,000 after buying an additional 269,665 shares during the period. William Blair Investment Management LLC grew its holdings in Everest Group by 30.2% in the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock valued at $221,057,000 after buying an additional 134,517 shares during the period. Assetmark Inc. grew its holdings in Everest Group by 39.7% in the 3rd quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock valued at $160,646,000 after buying an additional 116,559 shares during the period. Finally, Arnhold LLC purchased a new stake in Everest Group in the 1st quarter valued at about $19,896,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EG shares. Keefe, Bruyette & Woods reduced their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company reduced their target price on Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday. Jefferies Financial Group lifted their price target on Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Bank of America cut their price target 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. Finally, Barclays cut their price target on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Everest Group currently has an average rating of “Moderate Buy” and a consensus price target of $438.00.

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.