Everest Group, Ltd. (NYSE:EG) Position Lowered by Cerity Partners LLC

Cerity Partners LLC reduced its position in Everest Group, Ltd. (NYSE:EG) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,469 shares of the company’s stock after selling 353 shares during the quarter. Cerity Partners LLC owned approximately 0.06% of Everest Group worth $9,979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Csenge Advisory Group grew its position in shares of Everest Group by 2.2% in the 2nd quarter. Csenge Advisory Group now owns 1,239 shares of the company’s stock worth $472,000 after acquiring an additional 27 shares in the last quarter. Legend Financial Advisors Inc. boosted its holdings in Everest Group by 1.6% in the second quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company’s stock worth $672,000 after purchasing an additional 27 shares during the period. Wedmont Private Capital increased its stake in Everest Group by 4.8% during the third quarter. Wedmont Private Capital now owns 638 shares of the company’s stock valued at $238,000 after purchasing an additional 29 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of 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 during the period. Finally, Banque Cantonale Vaudoise lifted its position in shares of Everest Group by 4.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 745 shares of the company’s stock worth $284,000 after buying an additional 33 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Performance

EG stock opened at $387.59 on Wednesday. The company has a market capitalization of $16.66 billion, a P/E ratio of 6.07, 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. The company has a 50-day simple moving average of $380.79 and a 200 day simple moving average of $380.87. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $417.04.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, November 27th. Everest Group’s dividend payout ratio is currently 12.52%.

Insider Activity

In other news, EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 12,726 shares in the company, valued at $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 through this link. Also, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the transaction, the chief operating officer now directly owns 15,009 shares in the company, valued at approximately $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.

Wall Street Analyst Weigh In

EG has been the subject of a number of recent research reports. TD Cowen lowered their price objective on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Wells Fargo & Company dropped their price target on Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $420.00 to $429.00 in a research report on Tuesday. Bank of America dropped their target price 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, Barclays lowered their price target on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $431.30.

Everest Group 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.