Everest Group, Ltd. (NYSE:EG) Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC decreased its holdings in Everest Group, Ltd. (NYSE:EG) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,325 shares of the company’s stock after selling 49 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Everest Group were worth $911,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. American National Bank acquired a new position in Everest Group during the second quarter worth about $27,000. M&R Capital Management Inc. acquired a new stake in shares of Everest Group in the 3rd quarter worth approximately $29,000. Bruce G. Allen Investments LLC increased its stake 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 in the last quarter. Eastern Bank acquired a new position in Everest Group during the third quarter worth $35,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in Everest Group by 36.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after purchasing an additional 31 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Everest Group

In related news, EVP Mike Karmilowicz sold 269 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was 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 in the company, valued at approximately $4,434,756.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Everest Group news, 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 completion of the purchase, the director now directly owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the business’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 in the company, valued at approximately $4,434,756.48. This trade represents a 0.00 % 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 Analyst Weigh In

Several research firms have recently issued reports on EG. TD Cowen cut their price target on Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Wells Fargo & Company reduced their price target on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a report on Tuesday. Bank of America lowered their price target on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. UBS Group raised Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group raised their price target on Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a research report 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, Everest Group currently has an average rating of “Moderate Buy” and a consensus price target of $438.00.

Everest Group Stock Up 3.4 %

Shares of NYSE EG opened at $366.60 on Thursday. The stock has a market capitalization of $15.79 billion, a PE ratio of 5.74, a P/E/G ratio of 2.46 and a beta of 0.63. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average of $384.13 and a 200-day moving average of $380.59. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $417.92.

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.