Everest Group, Ltd. (EG) To Go Ex-Dividend on November 27th

Everest Group, Ltd. (NYSE:EG) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Wednesday, November 27th will be paid a dividend of 2.00 per share on Friday, December 13th. This represents a $8.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, November 27th.

Everest Group has increased its dividend by an average of 3.1% per year over the last three years. Everest Group has a dividend payout ratio of 12.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Everest Group to earn $67.26 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 11.9%.

Everest Group Trading Up 1.7 %

Shares of NYSE:EG opened at $368.30 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.38 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $15.83 billion, a PE ratio of 5.76, a P/E/G ratio of 2.59 and a beta of 0.63. Everest Group has a 12-month low of $343.76 and a 12-month high of $417.92. The business’s fifty day simple moving average is $383.08 and its 200-day simple moving average is $380.43.

Insider Activity

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

Wall Street Analyst Weigh In

EG has been the subject of several analyst reports. TD Cowen decreased their price target on shares of Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Bank of America decreased their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Jefferies Financial Group lifted their price target on shares of Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. UBS Group upgraded Everest Group to a “hold” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $403.00 target price on shares of Everest Group in a research report on Friday, August 30th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.