Mount Yale Investment Advisors LLC Has $4.49 Million Position in Everest Group, Ltd. (NYSE:EG)

Mount Yale Investment Advisors LLC grew its position in Everest Group, Ltd. (NYSE:EG) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,388 shares of the company’s stock after purchasing an additional 580 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Everest Group were worth $4,490,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, COO James Allan Williamson sold 200 shares of the 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 approximately $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the acquisition, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This trade represents a 9.58 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Everest Group Trading Up 0.6 %

NYSE:EG opened at $365.52 on Monday. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month 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. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 2.47 and a beta of 0.65. The firm has a fifty day simple moving average of $367.39 and a two-hundred day simple moving average of $376.18.

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 given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Wednesday, November 27th. Everest Group’s payout ratio is presently 12.52%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EG. UBS Group upgraded shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Bank of America dropped their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Barclays reduced their price target on Everest Group from $517.00 to $499.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company reduced their target price on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $435.44.

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.