Everest Group, Ltd. (NYSE:EG) EVP Sells $93,741.12 in Stock

Everest Group, Ltd. (NYSE:EG) EVP Mike Karmilowicz sold 269 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were 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 directly owns 12,726 shares of the company’s stock, valued at $4,434,756.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Everest Group Stock Performance

Shares of NYSE:EG opened at $361.90 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.38 and a quick ratio of 0.38. The business’s fifty day moving average price is $383.56 and its two-hundred day moving average price is $380.46. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $417.92. The stock has a market capitalization of $15.58 billion, a price-to-earnings ratio of 5.66, a price-to-earnings-growth ratio of 2.46 and a beta of 0.63.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EG. Jefferies Financial Group increased their target price on shares of Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. UBS Group upgraded Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Bank of America lowered their price objective 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. TD Cowen cut their target price on Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Finally, Barclays decreased their price target on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $438.00.

Institutional Investors Weigh In On Everest Group

A number of hedge funds have recently made changes to their positions in EG. SG Americas Securities LLC raised its position in Everest Group by 284.8% in the 3rd quarter. SG Americas Securities LLC now owns 24,556 shares of the company’s stock valued at $9,622,000 after purchasing an additional 18,175 shares during the last quarter. Whittier Trust Co. acquired a new position in Everest Group during the 1st quarter worth about $1,505,000. Clearbridge Investments LLC lifted its position in Everest Group by 1.5% during the 1st quarter. Clearbridge Investments LLC now owns 289,439 shares of the company’s stock worth $115,052,000 after buying an additional 4,412 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Everest Group during the 2nd quarter worth about $921,000. Finally, Forsta AP Fonden grew its holdings in Everest Group by 131.1% during the 1st quarter. Forsta AP Fonden now owns 17,100 shares of the company’s stock worth $6,797,000 after acquiring an additional 9,700 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

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.