Private Advisor Group LLC Takes Position in Everest Group, Ltd. (NYSE:EG)

Private Advisor Group LLC bought a new position in Everest Group, Ltd. (NYSE:EG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 850 shares of the company’s stock, valued at approximately $333,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EG. American National Bank bought a new position in shares of Everest Group during the second quarter valued at about $27,000. M&R Capital Management Inc. bought a new position in shares of Everest Group during the third quarter valued at about $29,000. Bruce G. Allen Investments LLC raised its stake in shares of Everest Group by 200.0% during the third 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 bought a new position in shares of Everest Group during the third quarter valued at about $35,000. Finally, Massmutual Trust Co. FSB ADV raised its stake 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 valued at $44,000 after acquiring an additional 31 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Everest Group news, Director William F. Galtney, Jr. bought 2,870 shares of the stock in a transaction dated Monday, November 4th. The stock was purchased at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the acquisition, the director now owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director William F. Galtney, Jr. acquired 2,870 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the acquisition, the director now directly owns 32,822 shares in the company, valued at approximately $11,443,062.08. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. The trade was a 0.00 % 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.

Analyst Ratings Changes

EG has been the subject of several recent analyst reports. Morgan Stanley lowered their price objective on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. BMO Capital Markets reiterated a “market perform” rating and set a $403.00 price target on shares of Everest Group in a research report on Friday, August 30th. Keefe, Bruyette & Woods reduced their price target on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company reduced their price target on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group boosted their price target on shares of Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Five 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $438.00.

Everest Group Price Performance

EG stock opened at $366.60 on Thursday. The firm has a 50 day moving average price of $384.13 and a 200-day moving average price of $380.59. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $417.92. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 2.46 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38.

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.