Everest Group, Ltd. (NYSE:EG) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its position in Everest Group, Ltd. (NYSE:EG) by 8.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,156 shares of the company’s stock after selling 299 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Everest Group were worth $1,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EG. Toronto Dominion Bank increased its stake in shares of Everest Group by 1.0% in the third quarter. Toronto Dominion Bank now owns 21,585 shares of the company’s stock valued at $8,458,000 after purchasing an additional 212 shares during the period. Coldstream Capital Management Inc. increased its position in Everest Group by 12.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 701 shares of the company’s stock valued at $272,000 after acquiring an additional 76 shares during the period. Geode Capital Management LLC raised its stake in Everest Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company’s stock valued at $453,818,000 after acquiring an additional 16,180 shares in the last quarter. Brophy Wealth Management LLC acquired a new position in Everest Group during the 3rd quarter worth $749,000. Finally, Continuum Advisory LLC increased its holdings in shares of Everest Group by 10.4% during the third quarter. Continuum Advisory LLC now owns 9,453 shares of the company’s stock valued at $3,465,000 after purchasing an additional 887 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. TD Cowen lowered their price objective on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Barclays cut their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. UBS Group upgraded Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company cut their price objective on Everest Group from $402.00 to $390.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $430.00.

Everest Group Price Performance

Shares of NYSE:EG opened at $354.94 on Wednesday. The company has a market capitalization of $15.25 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. 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 fifty day moving average of $376.33 and a 200-day moving average of $379.53. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $407.30.

Everest Group Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s dividend payout ratio is 12.52%.

Insider Activity at Everest Group

In other Everest Group news, Director William F. Galtney, Jr. bought 2,870 shares of Everest Group stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $348.64 per share, for a total transaction 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 approximately $11,443,062.08. This trade represents a 9.58 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO James Allan Williamson sold 200 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $5,553,330. This trade represents a 1.32 % 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 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.