Toth Financial Advisory Corp Sells 50 Shares of Everest Group, Ltd. (NYSE:EG)

Toth Financial Advisory Corp lessened its position in Everest Group, Ltd. (NYSE:EG) by 38.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80 shares of the company’s stock after selling 50 shares during the period. Toth Financial Advisory Corp’s holdings in Everest Group were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Public Sector Pension Investment Board grew its stake in shares of Everest Group by 7.2% in the second quarter. Public Sector Pension Investment Board now owns 7,344 shares of the company’s stock worth $2,798,000 after purchasing an additional 493 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Everest Group by 61.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 8,338 shares of the company’s stock worth $3,177,000 after buying an additional 3,158 shares during the last quarter. MBB Public Markets I LLC bought a new stake in shares of Everest Group in the 2nd quarter worth approximately $1,285,000. Mackenzie Financial Corp increased its stake in shares of Everest Group by 44.1% during the second quarter. Mackenzie Financial Corp now owns 54,023 shares of the company’s stock valued at $20,584,000 after buying an additional 16,538 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Everest Group during the second quarter valued at approximately $8,798,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Up 0.6 %

Shares of NYSE:EG opened at $365.52 on Friday. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $407.30. 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. The stock has a fifty day simple moving average of $367.39 and a two-hundred day simple moving average of $376.19. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis 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%.

Analysts Set New Price Targets

EG has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. BMO Capital Markets raised shares of Everest Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $372.00 to $453.00 in a research note on Friday, January 10th. UBS Group raised Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Barclays decreased their target price on Everest Group from $517.00 to $499.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $435.44.

Insider Activity at Everest Group

In related news, COO James Allan Williamson sold 200 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the transaction, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. This represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of Everest Group 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 completion of the sale, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Everest Group 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.