Everest Group, Ltd. (NYSE:EG) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB cut its stake in Everest Group, Ltd. (NYSE:EG) by 86.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,526 shares of the company’s stock after selling 23,436 shares during the period. Nordea Investment Management AB’s holdings in Everest Group were worth $1,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wedmont Private Capital lifted its stake in Everest Group by 4.8% during the 3rd quarter. Wedmont Private Capital now owns 638 shares of the company’s stock valued at $238,000 after acquiring an additional 29 shares during the period. IFM Investors Pty Ltd lifted its stake in Everest Group by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock valued at $4,392,000 after acquiring an additional 38 shares during the period. Covestor Ltd lifted its stake in Everest Group by 9.0% during the 3rd quarter. Covestor Ltd now owns 520 shares of the company’s stock valued at $204,000 after acquiring an additional 43 shares during the period. WealthTrust Asset Management LLC lifted its stake 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 acquiring an additional 45 shares during the period. Finally, Private Trust Co. NA lifted its stake in Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after acquiring an additional 45 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Price Performance

Shares of NYSE EG opened at $353.95 on Monday. The firm has a market cap of $15.21 billion, a PE ratio of 5.54, a PEG ratio of 2.69 and a beta of 0.65. The firm has a fifty day moving average of $368.10 and a 200 day moving average of $376.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $407.30.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s payout ratio is 12.52%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EG. Keefe, Bruyette & Woods lifted their target price on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. BMO Capital Markets raised shares of Everest Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $372.00 to $453.00 in a report on Friday. TD Cowen cut their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. 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 report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $436.56.

Insider Transactions at Everest Group

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

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.