Bank of Montreal Can Purchases 58,787 Shares of Everest Group, Ltd. (NYSE:EG)

Bank of Montreal Can boosted its position in shares of Everest Group, Ltd. (NYSE:EG) by 41.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 199,361 shares of the company’s stock after acquiring an additional 58,787 shares during the quarter. Bank of Montreal Can’s holdings in Everest Group were worth $78,776,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Csenge Advisory Group raised its stake in shares of Everest Group by 2.2% during the second quarter. Csenge Advisory Group now owns 1,239 shares of the company’s stock valued at $472,000 after acquiring an additional 27 shares during the last quarter. Legend Financial Advisors Inc. raised its position in Everest Group by 1.6% during the 2nd quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company’s stock valued at $672,000 after purchasing an additional 27 shares during the last quarter. Wedmont Private Capital lifted its holdings in Everest Group by 4.8% in the 3rd quarter. Wedmont Private Capital now owns 638 shares of the company’s stock worth $238,000 after buying an additional 29 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after buying an additional 31 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its stake in shares of Everest Group by 4.6% during the second quarter. Banque Cantonale Vaudoise now owns 745 shares of the company’s stock valued at $284,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Transactions at Everest Group

In related news, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the transaction, the executive vice president now owns 12,726 shares in the company, valued at $4,434,756.48. This represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James Allan Williamson sold 200 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief operating officer now owns 15,009 shares in the company, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. BMO Capital Markets dropped their price target on Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research note on Thursday, November 14th. Bank of America cut their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company decreased their price target on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. 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. Finally, Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $420.00 to $429.00 in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Everest Group currently has an average rating of “Hold” and a consensus price target of $431.30.

Everest Group Stock Down 0.6 %

EG stock opened at $387.59 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $380.79 and a 200 day moving average of $380.87. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $417.04. The firm has a market cap of $16.66 billion, a PE ratio of 6.07, a price-to-earnings-growth ratio of 2.89 and a beta of 0.63.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Wednesday, November 27th. Everest Group’s payout ratio is 12.52%.

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.