Hancock Whitney Corp Sells 361 Shares of Everest Group, Ltd. (NYSE:EG)

Hancock Whitney Corp cut its holdings in Everest Group, Ltd. (NYSE:EG) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,534 shares of the company’s stock after selling 361 shares during the quarter. Hancock Whitney Corp owned approximately 0.10% of Everest Group worth $16,666,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. American National Bank acquired a new stake in shares of Everest Group during the second quarter worth $27,000. M&R Capital Management Inc. acquired a new position in Everest Group during the third quarter worth $29,000. Bruce G. Allen Investments LLC grew its stake in shares of 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 buying an additional 52 shares during the period. Eastern Bank purchased a new position in shares of Everest Group during the 3rd quarter worth $35,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock valued at $44,000 after acquiring an additional 31 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EG shares. Keefe, Bruyette & Woods cut their target price on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. UBS Group upgraded Everest Group to a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company cut their price target on Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Bank of America reduced their price objective on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, BMO Capital Markets cut their price target 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. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $434.10.

Insider Buying and Selling

In related news, EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Everest Group Price Performance

Shares of NYSE:EG opened at $389.00 on Monday. The company has a market cap of $16.72 billion, a P/E ratio of 6.09, a PEG ratio of 2.88 and a beta of 0.63. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92. The company has a 50-day moving average price of $380.77 and a 200 day moving average price of $380.80.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.06%. 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.