Everest Group, Ltd. (NYSE:EG) Holdings Lowered by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC lowered its stake in Everest Group, Ltd. (NYSE:EG) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,027 shares of the company’s stock after selling 560 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Everest Group were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mizuho Securities USA LLC increased its position in shares of Everest Group by 12,263.1% in the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after acquiring an additional 412,040 shares in the last quarter. World Investment Advisors LLC acquired a new position in Everest Group in the 3rd quarter worth approximately $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Everest Group by 442.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock worth $120,744,000 after purchasing an additional 251,337 shares in the last quarter. Assetmark Inc. raised its stake in Everest Group by 39.7% during the 3rd quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock valued at $160,646,000 after purchasing an additional 116,559 shares during the period. Finally, FMR LLC lifted its holdings in shares of Everest Group by 21.5% in the third quarter. FMR LLC now owns 410,861 shares of the company’s stock valued at $160,988,000 after purchasing an additional 72,822 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 0.7 %

Shares of EG stock opened at $364.79 on Wednesday. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $407.30. The company has a market cap of $15.68 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. 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’s 50 day moving average is $367.71 and its two-hundred day moving average is $376.40.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.00 per share. 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 dividend payout ratio is 12.52%.

Insiders Place Their Bets

In related news, EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 12,726 shares in the company, valued at $4,434,756.48. This represents a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $74,000.00. Following the completion of the sale, the chief operating officer now owns 15,009 shares in the company, valued at $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group upgraded Everest Group to a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Bank of America reduced their price target 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. BMO Capital Markets raised shares of Everest Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $372.00 to $453.00 in a research report on Friday, January 10th. Finally, Barclays cut their target price on shares of Everest Group from $517.00 to $499.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $435.44.

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.