Everest Group, Ltd. (NYSE:EG) Shares Purchased by Legend Financial Advisors Inc.

Legend Financial Advisors Inc. boosted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 6.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,860 shares of the company’s stock after purchasing an additional 113 shares during the period. Everest Group makes up about 0.5% of Legend Financial Advisors Inc.’s investment portfolio, making the stock its 27th biggest position. Legend Financial Advisors Inc.’s holdings in Everest Group were worth $674,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp purchased a new position in Everest Group in the 2nd quarter valued at $151,000. Acadian Asset Management LLC purchased a new position in shares of Everest Group in the second quarter worth about $601,000. Royal London Asset Management Ltd. boosted its position in Everest Group by 66.6% during the second quarter. Royal London Asset Management Ltd. now owns 34,750 shares of the company’s stock worth $13,240,000 after acquiring an additional 13,891 shares during the last quarter. Bright Futures Wealth Management LLC. grew its stake in Everest Group by 5.8% during the 2nd quarter. Bright Futures Wealth Management LLC. now owns 6,665 shares of the company’s stock valued at $2,427,000 after acquiring an additional 368 shares in the last quarter. Finally, Andra AP fonden acquired a new stake in Everest Group in the 2nd quarter valued at about $12,269,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Activity

In related news, Director William F. Galtney, Jr. acquired 2,870 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, the director now owns 32,822 shares of the company’s stock, valued at $11,443,062.08. This represents a 9.58 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Everest Group Trading Up 2.6 %

Shares of NYSE EG traded up $9.29 during trading on Tuesday, reaching $370.96. The stock had a trading volume of 318,533 shares, compared to its average volume of 321,516. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $15.94 billion, a P/E ratio of 5.81, a PEG ratio of 2.69 and a beta of 0.65. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $407.30. The business’s 50-day moving average price is $368.14 and its 200-day moving average price is $377.39.

Everest Group Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.16%. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EG. TD Cowen dropped their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and upped their target price for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. UBS Group upgraded Everest Group to a “hold” rating in a report on Wednesday, October 9th. Barclays dropped their price objective on shares of Everest Group from $517.00 to $499.00 and set an “overweight” rating for the company in a report on Monday. Finally, Bank of America reduced their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $428.00.

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.