Everest Group, Ltd. (NYSE:EG) Shares Bought by Traynor Capital Management Inc.

Traynor Capital Management Inc. increased its holdings in Everest Group, Ltd. (NYSE:EG) by 31.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,628 shares of the company’s stock after acquiring an additional 631 shares during the quarter. Traynor Capital Management Inc.’s holdings in Everest Group were worth $953,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. M&R Capital Management Inc. acquired a new position in Everest Group in the third quarter worth about $29,000. Bruce G. Allen Investments LLC grew its position 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 worth $31,000 after acquiring an additional 52 shares in the last quarter. Eastern Bank bought a new stake in shares of Everest Group in the 3rd quarter valued at approximately $35,000. Brooklyn Investment Group acquired a new stake in shares of Everest Group during the 3rd quarter valued at approximately $39,000. Finally, American National Bank & Trust lifted its stake in Everest Group by 80.0% during the third quarter. American National Bank & Trust now owns 126 shares of the company’s stock worth $49,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TD Cowen lowered their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. UBS Group upgraded shares of Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Bank of America dropped their price target on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Finally, Wells Fargo & Company reduced their price objective on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Everest Group currently has a consensus rating of “Moderate Buy” and an average target price of $435.44.

Insider Activity at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value 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 approximately $5,553,330. This represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the completion of the transaction, the executive vice president now directly owns 12,726 shares in the company, valued at $4,434,756.48. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Everest Group Stock Down 0.1 %

Shares of Everest Group stock opened at $364.05 on Thursday. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $407.30. The company has a market capitalization of $15.65 billion, a P/E ratio of 5.70, a PEG ratio of 2.47 and a beta of 0.65. The business’s fifty day moving average price is $367.58 and its two-hundred day moving average price is $376.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Everest Group’s payout ratio is currently 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.