Gilman Hill Asset Management LLC Lowers Holdings in Everest Group, Ltd. (NYSE:EG)

Gilman Hill Asset Management LLC reduced its stake in shares of Everest Group, Ltd. (NYSE:EG) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,908 shares of the company’s stock after selling 100 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Everest Group were worth $2,504,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EG. Geode Capital Management LLC increased its stake in shares of Everest Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company’s stock valued at $453,818,000 after purchasing an additional 16,180 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Everest Group by 1.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company’s stock worth $393,395,000 after buying an additional 17,885 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Everest Group by 6.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company’s stock valued at $192,267,000 after buying an additional 30,458 shares in the last quarter. Mizuho Securities USA LLC grew its stake 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 acquiring an additional 412,040 shares during the period. Finally, FMR LLC increased its holdings in Everest Group by 21.5% in the 3rd quarter. FMR LLC now owns 410,861 shares of the company’s stock worth $160,988,000 after acquiring an additional 72,822 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Performance

Everest Group stock opened at $362.60 on Monday. The firm has a 50 day simple moving average of $367.92 and a 200-day simple moving average of $376.40. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 2.33 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, Ltd. has a 1-year low of $343.76 and a 1-year high of $407.30.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.21%. Everest Group’s dividend payout ratio (DPR) is 12.52%.

Insider Buying and Selling at Everest Group

In related news, Director William F. Galtney, Jr. bought 2,870 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the acquisition, the director now owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This trade represents a 9.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO James Allan Williamson sold 200 shares of the company’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 in the company, valued at $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

EG has been the topic of several research analyst reports. TD Cowen dropped their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. BMO Capital Markets raised Everest Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $372.00 to $453.00 in a report on Friday, January 10th. Wells Fargo & Company lowered their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their price objective on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, Barclays lowered their target price on shares of Everest Group from $517.00 to $499.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Everest Group presently has an average rating of “Moderate Buy” and an average target price of $435.44.

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.