Everest Group, Ltd. (NYSE:EG) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lowered its stake in shares of Everest Group, Ltd. (NYSE:EG) by 0.8% during the third quarter, HoldingsChannel.com reports. The firm owned 42,534 shares of the company’s stock after selling 361 shares during the period. Hancock Whitney Corp’s holdings in Everest Group were worth $16,666,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. American National Bank acquired a new position in Everest Group in the second quarter valued at $27,000. M&R Capital Management Inc. purchased a new stake in shares of Everest Group during the 3rd quarter worth about $29,000. Bruce G. Allen Investments LLC increased 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 worth $31,000 after purchasing an additional 52 shares in the last quarter. Eastern Bank purchased a new position in Everest Group in the third quarter valued at approximately $35,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in 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 buying an additional 31 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 $5,553,330. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the business’s stock in a transaction 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 directly owns 32,822 shares in the company, valued at approximately $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. 1.20% of the stock is currently owned by insiders.

Everest Group Trading Up 1.0 %

Shares of Everest Group stock opened at $389.00 on Monday. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $417.92. The company has a 50-day simple moving average of $380.77 and a 200 day simple moving average of $380.80. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $16.72 billion, a P/E ratio of 6.09, a price-to-earnings-growth ratio of 2.88 and a beta of 0.63.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.06%. Everest Group’s payout ratio is 12.52%.

Analyst Ratings Changes

Several research firms recently weighed in on EG. Jefferies Financial Group lifted their target price on shares of Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays lowered their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Keefe, Bruyette & Woods cut their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note 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, November 5th. Finally, 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. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $434.10.

Everest Group Company 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.