Everest Group, Ltd. (NYSE:EG) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lowered its stake in Everest Group, Ltd. (NYSE:EG) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,567 shares of the company’s stock after selling 343 shares during the period. MetLife Investment Management LLC’s holdings in Everest Group were worth $4,532,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mizuho Securities USA LLC increased its stake in Everest Group by 12,263.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock valued at $162,766,000 after buying an additional 412,040 shares during the period. William Blair Investment Management LLC increased its stake in shares of Everest Group by 30.2% during the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock worth $221,057,000 after acquiring an additional 134,517 shares during the period. Assetmark Inc. raised its holdings in Everest Group by 39.7% during the third quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock worth $160,646,000 after purchasing an additional 116,559 shares in the last quarter. FMR LLC lifted its position in Everest Group by 21.5% in the third quarter. FMR LLC now owns 410,861 shares of the company’s stock valued at $160,988,000 after purchasing an additional 72,822 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Everest Group by 151.9% in the third quarter. BNP Paribas Financial Markets now owns 114,712 shares of the company’s stock valued at $44,948,000 after purchasing an additional 69,166 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insiders Place Their Bets

In other Everest Group news, COO James Allan Williamson sold 200 shares of the firm’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 sale, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at $5,553,330. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William F. Galtney, Jr. acquired 2,870 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was purchased at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the transaction, the director now owns 32,822 shares of the company’s stock, 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 company insiders.

Everest Group Stock Down 0.4 %

Shares of NYSE EG opened at $387.56 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. The firm’s 50-day moving average is $380.80 and its two-hundred day moving average is $381.07. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $413.18. The company has a market capitalization of $16.66 billion, a PE ratio of 6.07, a price-to-earnings-growth ratio of 2.87 and a beta of 0.63.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of analyst reports. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods reduced their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. TD Cowen decreased their target price 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. Bank of America cut their price target on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Finally, Barclays decreased their price objective on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $431.30.

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.