GAMMA Investing LLC Sells 308 Shares of Everest Group, Ltd. (NYSE:EG)

GAMMA Investing LLC decreased its stake in Everest Group, Ltd. (NYSE:EG) by 36.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 545 shares of the company’s stock after selling 308 shares during the quarter. GAMMA Investing LLC’s holdings in Everest Group were worth $198,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EG. Wedmont Private Capital lifted its position in shares of Everest Group by 4.8% in the third quarter. Wedmont Private Capital now owns 638 shares of the company’s stock valued at $238,000 after acquiring an additional 29 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in Everest Group by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock worth $4,392,000 after purchasing an additional 38 shares in the last quarter. Covestor Ltd boosted its stake in Everest Group by 9.0% in the 3rd quarter. Covestor Ltd now owns 520 shares of the company’s stock worth $204,000 after purchasing an additional 43 shares during the period. WealthTrust Asset Management LLC grew its holdings in Everest Group by 1.7% during the 2nd quarter. WealthTrust Asset Management LLC now owns 2,770 shares of the company’s stock valued at $1,055,000 after buying an additional 45 shares in the last quarter. Finally, Private Trust Co. NA raised its position in shares of Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after buying an additional 45 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on EG. Bank of America dropped their target price 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. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Barclays dropped their price target on Everest Group from $517.00 to $499.00 and set an “overweight” rating for the company in a research note on Monday. TD Cowen reduced their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Finally, BMO Capital Markets lowered their target price on Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Everest Group has a consensus rating of “Hold” and an average target price of $428.00.

Insider Buying and Selling at Everest Group

In related news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction dated 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 sale, the chief operating officer now directly owns 15,009 shares in the company, valued at $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the company’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 sale, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at $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 corporate insiders.

Everest Group Stock Down 0.8 %

Shares of EG opened at $368.01 on Thursday. The business has a fifty day moving average of $367.79 and a 200 day moving average of $377.28. The company has a market cap of $15.82 billion, a PE ratio of 5.76, a P/E/G ratio of 2.69 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. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $407.30.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Everest Group’s dividend payout ratio is currently 12.52%.

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.