Trust Co. of Toledo NA OH Reduces Holdings in Everest Group, Ltd. (NYSE:EG)

Trust Co. of Toledo NA OH lowered its stake in shares of Everest Group, Ltd. (NYSE:EG) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,146 shares of the company’s stock after selling 100 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Everest Group were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Czech National Bank increased its stake in Everest Group by 5.7% during the 4th quarter. Czech National Bank now owns 9,319 shares of the company’s stock valued at $3,378,000 after purchasing an additional 504 shares in the last quarter. Legend Financial Advisors Inc. increased its position in shares of Everest Group by 6.5% during the fourth quarter. Legend Financial Advisors Inc. now owns 1,860 shares of the company’s stock valued at $674,000 after acquiring an additional 113 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Everest Group by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company’s stock worth $30,747,000 after acquiring an additional 12,791 shares during the last quarter. Principal Financial Group Inc. lifted its position in Everest Group by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company’s stock valued at $21,117,000 after acquiring an additional 2,818 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda purchased a new stake in Everest Group during the 3rd quarter valued at $6,986,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of the transaction, the executive vice president now owns 12,726 shares of the company’s stock, valued at $4,434,756.48. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William F. Galtney, Jr. bought 2,870 shares of the stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the acquisition, the director now directly owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This represents a 9.58 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Everest Group Stock Performance

Shares of NYSE:EG traded up $1.47 during midday trading on Monday, hitting $354.99. The company had a trading volume of 38,991 shares, compared to its average volume of 325,836. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $407.30. The company has a fifty day moving average of $368.10 and a two-hundred day moving average of $376.99. The company has a market cap of $15.26 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 2.69 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is currently 12.52%.

Analyst Ratings Changes

Several research firms have recently weighed in on EG. Jefferies Financial Group cut 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 note on Tuesday, November 26th. UBS Group upgraded shares of Everest Group to a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets upgraded shares of Everest Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $372.00 to $453.00 in a research note on Friday. Keefe, Bruyette & Woods increased their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Wells Fargo & Company cut their target price on shares of Everest Group from $402.00 to $390.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $436.56.

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.