TFB Advisors LLC Buys 265 Shares of Everest Group, Ltd. (NYSE:EG)

TFB Advisors LLC boosted its position in shares of Everest Group, Ltd. (NYSE:EG) by 14.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,055 shares of the company’s stock after buying an additional 265 shares during the quarter. TFB Advisors LLC’s holdings in Everest Group were worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. American National Bank purchased a new stake in shares of Everest Group in the second quarter worth approximately $27,000. M&R Capital Management Inc. purchased a new position in Everest Group during the 3rd quarter valued at $29,000. Bruce G. Allen Investments LLC grew its position 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 acquiring an additional 52 shares during the last quarter. Eastern Bank purchased a new stake in Everest Group in the third quarter worth $35,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Everest Group by 36.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Insider Transactions at Everest Group

In other news, Director William F. Galtney, Jr. purchased 2,870 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was acquired at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the transaction, the director now owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the transaction, the executive vice president now directly owns 12,726 shares in the company, valued at $4,434,756.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the purchase, the director now owns 32,822 shares of the company’s stock, valued at $11,443,062.08. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Everest Group Stock Down 1.3 %

Shares of NYSE EG opened at $361.90 on Friday. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $417.92. The stock’s fifty day simple moving average is $383.56 and its two-hundred day simple moving average is $380.46. The stock has a market capitalization of $15.58 billion, a PE ratio of 5.66, a price-to-earnings-growth ratio of 2.46 and a beta of 0.63. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.22.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen cut their price target on shares of Everest Group from $419.00 to $405.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Wells Fargo & Company dropped their target price on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research note on Tuesday. BMO Capital Markets reaffirmed a “market perform” rating and set a $403.00 price target on shares of Everest Group in a research note on Friday, August 30th. Barclays dropped their price objective on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Finally, Bank of America decreased their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $438.00.

About Everest Group

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.