Mike Karmilowicz Sells 269 Shares of Everest Group, Ltd. (NYSE:EG) Stock

Everest Group, Ltd. (NYSE:EG) EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the sale, the executive vice president now directly owns 12,726 shares in the company, valued at $4,434,756.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Everest Group Stock Performance

Shares of Everest Group stock opened at $366.60 on Thursday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $15.79 billion, a P/E ratio of 5.74, a P/E/G ratio of 2.46 and a beta of 0.63. The firm’s 50 day moving average is $384.13 and its two-hundred day moving average is $380.59. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92.

Hedge Funds Weigh In On Everest Group

A number of hedge funds have recently modified their holdings of the business. Boston Partners grew its position in shares of Everest Group by 29.1% during the first quarter. Boston Partners now owns 1,197,457 shares of the company’s stock worth $475,750,000 after acquiring an additional 269,665 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Everest Group by 1.8% during the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company’s stock worth $393,395,000 after acquiring an additional 17,885 shares during the last quarter. Champlain Investment Partners LLC grew its position in shares of Everest Group by 5.3% during the first quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock worth $360,175,000 after acquiring an additional 45,705 shares during the last quarter. William Blair Investment Management LLC grew its position in Everest Group by 30.2% in the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock valued at $221,057,000 after buying an additional 134,517 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Everest Group by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock valued at $203,891,000 after buying an additional 38,254 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut their price objective on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Barclays cut their price objective on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. BMO Capital Markets reaffirmed a “market perform” rating and set a $403.00 price objective on shares of Everest Group in a research report on Friday, August 30th. Morgan Stanley cut their price target on Everest Group from $450.00 to $445.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Finally, UBS Group upgraded Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $438.00.

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.