Cary Street Partners Asset Management LLC Sells 50 Shares of Everest Group, Ltd. (NYSE:EG)

Cary Street Partners Asset Management LLC lessened its stake in Everest Group, Ltd. (NYSE:EG) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,536 shares of the company’s stock after selling 50 shares during the period. Cary Street Partners Asset Management LLC’s holdings in Everest Group were worth $2,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in EG. Norden Group LLC purchased a new stake in shares of Everest Group during the 1st quarter valued at $222,000. Commonwealth Equity Services LLC increased its holdings in shares of Everest Group by 156.8% during the first quarter. Commonwealth Equity Services LLC now owns 1,880 shares of the company’s stock valued at $748,000 after acquiring an additional 1,148 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Everest Group by 5.5% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,214 shares of the company’s stock valued at $483,000 after purchasing an additional 63 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Everest Group in the 1st quarter worth approximately $10,861,000. Finally, Daiwa Securities Group Inc. increased its stake in Everest Group by 6.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,225 shares of the company’s stock valued at $1,679,000 after purchasing an additional 264 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Performance

Shares of Everest Group stock opened at $347.75 on Tuesday. The business’s 50 day moving average price is $386.10 and its 200 day moving average price is $380.89. The company has a market cap of $14.97 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 2.45 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $417.92.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Monday, September 16th. Everest Group’s dividend payout ratio is currently 12.52%.

Analyst Upgrades and Downgrades

EG has been the topic of several research analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $403.00 price target on shares of Everest Group in a research note on Friday, August 30th. UBS Group raised shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. TD Cowen cut their price objective on shares of Everest Group from $419.00 to $405.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Keefe, Bruyette & Woods decreased their target price on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Jefferies Financial Group lifted their price objective on Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Everest Group has a consensus rating of “Moderate Buy” and an average target price of $438.36.

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.