Ingalls & Snyder LLC Buys 186 Shares of Everest Group, Ltd. (NYSE:EG)

Ingalls & Snyder LLC increased its stake in shares of Everest Group, Ltd. (NYSE:EG) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,664 shares of the company’s stock after acquiring an additional 186 shares during the quarter. Ingalls & Snyder LLC’s holdings in Everest Group were worth $1,827,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in Everest Group by 39.3% in the first quarter. Cetera Investment Advisers now owns 4,879 shares of the company’s stock worth $1,940,000 after acquiring an additional 1,377 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Everest Group in the 1st quarter worth $340,000. GAMMA Investing LLC grew its position in Everest Group by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 689 shares of the company’s stock valued at $263,000 after purchasing an additional 251 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Everest Group by 36.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock valued at $44,000 after purchasing an additional 31 shares in the last quarter. Finally, DNB Asset Management AS raised its holdings in Everest Group by 5.9% during the second quarter. DNB Asset Management AS now owns 7,404 shares of the company’s stock worth $2,821,000 after buying an additional 411 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Everest Group

In other news, Director William F. Galtney, Jr. bought 2,870 shares of the stock in a transaction on Monday, November 4th. The shares were purchased at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the purchase, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 9.58 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO James Allan Williamson sold 200 shares of the 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 $5,553,330. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America reduced their price objective on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Keefe, Bruyette & Woods cut their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Barclays lowered their price objective 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. BMO Capital Markets dropped 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. Finally, Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and a consensus target price of $431.30.

Everest Group Stock Performance

Shares of Everest Group stock opened at $385.42 on Wednesday. The firm has a market capitalization of $16.57 billion, a P/E ratio of 6.03, a price-to-earnings-growth ratio of 2.84 and a beta of 0.64. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $380.79 and its 200 day simple moving average is $381.03. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $408.71.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is 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.