Toronto Dominion Bank Acquires 212 Shares of Everest Group, Ltd. (NYSE:EG)

Toronto Dominion Bank raised its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 1.0% in the third quarter, Holdings Channel reports. The institutional investor owned 21,585 shares of the company’s stock after buying an additional 212 shares during the quarter. Toronto Dominion Bank’s holdings in Everest Group were worth $8,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Coldstream Capital Management Inc. raised its stake in Everest Group by 12.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 701 shares of the company’s stock valued at $272,000 after purchasing an additional 76 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Everest Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company’s stock worth $453,818,000 after purchasing an additional 16,180 shares during the period. Brophy Wealth Management LLC acquired a new position in shares of Everest Group during the third quarter valued at about $749,000. Continuum Advisory LLC lifted its stake in shares of Everest Group by 10.4% in the third quarter. Continuum Advisory LLC now owns 9,453 shares of the company’s stock valued at $3,465,000 after buying an additional 887 shares during the period. Finally, Peloton Wealth Strategists grew its position in Everest Group by 48.3% during the third quarter. Peloton Wealth Strategists now owns 1,060 shares of the company’s stock worth $415,000 after buying an additional 345 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Price Performance

NYSE:EG opened at $362.81 on Friday. 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 firm has a market cap of $15.59 billion, a PE ratio of 5.68, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $407.30. The company’s 50-day moving average price is $376.63 and its two-hundred day moving average price is $379.76.

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 $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Wednesday, November 27th. Everest Group’s payout ratio is currently 12.52%.

Insider Buying and Selling

In other Everest Group news, COO James Allan Williamson sold 200 shares of the business’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 transaction, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William F. Galtney, Jr. bought 2,870 shares of Everest Group stock in a transaction dated Monday, November 4th. The shares were bought at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the transaction, the director now directly owns 32,822 shares of the company’s stock, valued at $11,443,062.08. This represents a 9.58 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EG shares. Barclays cut their price target on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. BMO Capital Markets cut their target price on Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research note on Thursday, November 14th. Bank of America decreased their price target on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price objective on shares of Everest Group from $402.00 to $390.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and upped their target price for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Everest Group currently has an average rating of “Hold” and a consensus price target of $430.00.

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.