MML Investors Services LLC Buys 297 Shares of Everest Group, Ltd. (NYSE:EG)

MML Investors Services LLC increased its stake in shares of Everest Group, Ltd. (NYSE:EG) by 35.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,143 shares of the company’s stock after acquiring an additional 297 shares during the quarter. MML Investors Services LLC’s holdings in Everest Group were worth $448,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. M&R Capital Management Inc. bought a new stake in shares of Everest Group during the third quarter valued at approximately $29,000. Bruce G. Allen Investments LLC raised its position in Everest Group by 200.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after purchasing an additional 52 shares in the last quarter. Eastern Bank purchased a new stake in shares of Everest Group in the 3rd quarter worth $35,000. Brooklyn Investment Group bought a new position in shares of Everest Group during the 3rd quarter worth $39,000. Finally, American National Bank & Trust increased its stake in shares of Everest Group by 80.0% during the third quarter. American National Bank & Trust now owns 126 shares of the company’s stock valued at $49,000 after buying an additional 56 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Stock Performance

Shares of Everest Group stock opened at $359.35 on Tuesday. The company has a 50 day moving average price of $372.71 and a 200 day moving average price of $378.44. The firm has a market capitalization of $15.44 billion, a P/E ratio of 5.62, a PEG ratio of 2.69 and a beta of 0.64. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $407.30.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.00 per share. The ex-dividend date was Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.23%. Everest Group’s payout ratio is currently 12.52%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EG shares. Wells Fargo & Company dropped their target price on shares of Everest Group from $402.00 to $390.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Barclays dropped their price objective on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. BMO Capital Markets reduced their price objective on shares of 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. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and increased their target price for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, Bank of America decreased their price objective on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $430.00.

Insider Activity

In other news, COO James Allan Williamson sold 200 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value of $74,000.00. Following the sale, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at $5,553,330. This represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William F. Galtney, Jr. bought 2,870 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the acquisition, the director now owns 32,822 shares of the company’s stock, valued at $11,443,062.08. The trade was a 9.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

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.