Blueshift Asset Management LLC Has $243,000 Position in Everest Group, Ltd. (NYSE:EG)

Blueshift Asset Management LLC lessened its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 28.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 619 shares of the company’s stock after selling 242 shares during the period. Blueshift Asset Management LLC’s holdings in Everest Group were worth $243,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in EG. American National Bank bought a new position in shares of Everest Group during the 2nd quarter valued at $27,000. M&R Capital Management Inc. bought a new position in Everest Group during the third quarter valued at about $29,000. Bruce G. Allen Investments LLC lifted its position in shares of Everest Group by 200.0% in the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after buying an additional 52 shares during the last quarter. Eastern Bank bought a new stake in shares of Everest Group during the 3rd quarter worth about $35,000. Finally, Brooklyn Investment Group acquired a new position in shares of Everest Group during the 3rd quarter valued at about $39,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EG. BMO Capital Markets decreased their target price on Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research report on Thursday, November 14th. TD Cowen decreased their price objective on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. Keefe, Bruyette & Woods dropped their target price on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company decreased their price target on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Finally, Barclays dropped their price objective on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Everest Group presently has a consensus rating of “Hold” and an average target price of $431.30.

Everest Group Stock Performance

NYSE:EG opened at $389.00 on Friday. The firm has a market capitalization of $16.72 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 2.88 and a beta of 0.63. 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 $417.04. The firm has a 50-day moving average price of $380.79 and a 200 day moving average price of $380.95.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.06%. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Insider Buying and Selling

In other Everest Group news, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value of $74,000.00. Following the transaction, the chief operating officer now directly owns 15,009 shares in the company, valued at $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the sale, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at approximately $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 owned by corporate insiders.

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.