Dakota Wealth Management Grows Stake in Everest Group, Ltd. (NYSE:EG)

Dakota Wealth Management boosted its holdings in Everest Group, Ltd. (NYSE:EG) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,945 shares of the company’s stock after purchasing an additional 32 shares during the quarter. Dakota Wealth Management’s holdings in Everest Group were worth $705,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. M&R Capital Management Inc. purchased a new position in shares of Everest Group in the 3rd quarter valued at $29,000. Bruce G. Allen Investments LLC grew its holdings in shares of Everest Group by 200.0% during the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. Eastern Bank acquired a new stake in shares of Everest Group during the third quarter worth about $35,000. Brooklyn Investment Group purchased a new stake in shares of Everest Group in the 3rd quarter valued at about $39,000. Finally, American National Bank & Trust boosted its position in shares of Everest Group by 80.0% in the 3rd quarter. American National Bank & Trust now owns 126 shares of the company’s stock valued at $49,000 after purchasing an additional 56 shares during the period. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Everest Group

In other news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction that occurred on Thursday, November 14th. The shares were 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 in the company, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 purchased at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the acquisition, the director now owns 32,822 shares in the company, valued at approximately $11,443,062.08. This trade represents a 9.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.

Everest Group Stock Performance

NYSE EG opened at $365.52 on Friday. 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 business’s 50 day moving average is $367.39 and its two-hundred day moving average is $376.17. 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. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $407.30.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s payout ratio is 12.52%.

Analyst Upgrades and Downgrades

EG has been the topic of several research analyst reports. Barclays cut their price target on Everest Group from $517.00 to $499.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Wells Fargo & Company reduced their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, BMO Capital Markets raised Everest Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $372.00 to $453.00 in a report on Friday, January 10th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.