Lmcg Investments LLC Sells 71 Shares of Everest Group, Ltd. (NYSE:EG)

Lmcg Investments LLC lowered its position in shares of Everest Group, Ltd. (NYSE:EG) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,255 shares of the company’s stock after selling 71 shares during the quarter. Lmcg Investments LLC owned 0.08% of Everest Group worth $12,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of EG. Mizuho Securities USA LLC grew its holdings in Everest Group by 12,263.1% during the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock valued at $162,766,000 after purchasing an additional 412,040 shares during the period. World Investment Advisors LLC bought a new position in Everest Group during the third quarter worth about $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Everest Group by 442.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock valued at $120,744,000 after purchasing an additional 251,337 shares during the period. Assetmark Inc. lifted its stake in shares of Everest Group by 39.7% during the 3rd quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock valued at $160,646,000 after buying an additional 116,559 shares in the last quarter. Finally, FMR LLC boosted its holdings in Everest Group by 21.5% in the 3rd quarter. FMR LLC now owns 410,861 shares of the company’s stock worth $160,988,000 after buying an additional 72,822 shares during the period. Institutional investors own 92.64% of the company’s stock.

Insider Activity

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

Everest Group Stock Performance

Everest Group stock opened at $362.60 on Tuesday. The firm has a market cap of $15.58 billion, a P/E ratio of 5.67, a P/E/G ratio of 2.44 and a beta of 0.65. The firm has a 50-day moving average of $367.78 and a 200-day moving average of $376.39. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $407.30. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EG shares. Keefe, Bruyette & Woods raised their price target on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. TD Cowen decreased their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Wells Fargo & Company reduced their price target on shares of 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. Bank of America lowered their price target on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $435.44.

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.