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

Ingalls & Snyder LLC raised its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. American National Bank bought a new position in shares of Everest Group in the second quarter valued at approximately $27,000. M&R Capital Management Inc. purchased a new stake in Everest Group in the 3rd quarter worth approximately $29,000. Bruce G. Allen Investments LLC boosted its holdings in Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after purchasing an additional 52 shares during the period. Eastern Bank bought a new position in Everest Group in the 3rd quarter valued at $35,000. Finally, Brooklyn Investment Group purchased a new position in shares of Everest Group during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Buying and Selling at Everest Group

In other news, Director William F. Galtney, Jr. bought 2,870 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average cost of $348.64 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mike Karmilowicz sold 269 shares of the 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 sale, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at $4,434,756.48. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EG. BMO Capital Markets lowered their price objective on Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a research report on Thursday, November 14th. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and raised their price target for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Barclays cut their price objective on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. TD Cowen lowered 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 note on Monday, November 18th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $431.30.

Everest Group Trading Up 0.4 %

EG stock opened at $385.42 on Wednesday. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $408.71. The company has a market capitalization of $16.57 billion, a PE ratio of 6.03, a price-to-earnings-growth ratio of 2.84 and a beta of 0.64. The company’s 50 day moving average price is $380.79 and its two-hundred day moving average price is $381.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio is presently 12.52%.

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.