SG Americas Securities LLC Has $932,000 Stake in Everest Group, Ltd. (NYSE:EG)

SG Americas Securities LLC lessened its stake in Everest Group, Ltd. (NYSE:EG) by 89.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,570 shares of the company’s stock after selling 21,986 shares during the period. SG Americas Securities LLC’s holdings in Everest Group were worth $932,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in EG. B. Riley Wealth Advisors Inc. acquired a new stake in Everest Group in the 2nd quarter valued at approximately $921,000. JPMorgan Chase & Co. lifted its holdings in Everest Group by 19.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company’s stock worth $30,747,000 after purchasing an additional 12,791 shares during the last quarter. Brophy Wealth Management LLC acquired a new position in shares of Everest Group in the third quarter valued at about $749,000. Intech Investment Management LLC increased its holdings in shares of Everest Group by 13.1% during the third quarter. Intech Investment Management LLC now owns 27,324 shares of the company’s stock worth $10,706,000 after purchasing an additional 3,166 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Everest Group by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company’s stock valued at $21,117,000 after acquiring an additional 2,818 shares during the period. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of research analyst reports. Bank of America lowered their price objective 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 shares of Everest Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. TD Cowen cut their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Barclays lowered their price objective on Everest Group from $499.00 to $461.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company reduced their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Everest Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $431.22.

Insider Transactions at Everest Group

In related news, COO James Allan Williamson sold 200 shares of the company’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 approximately $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the transaction, the director now directly owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This trade represents a 9.58 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Everest Group Trading Down 1.3 %

NYSE EG opened at $368.24 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a 50 day simple moving average of $367.33 and a two-hundred day simple moving average of $376.04. The stock has a market cap of $15.83 billion, a P/E ratio of 5.76, a price-to-earnings-growth ratio of 2.47 and a beta of 0.65. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $407.30.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were given a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.17%. 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.