Insider Selling: Everest Group, Ltd. (NYSE:EG) EVP Sells 269 Shares of Stock

Everest Group, Ltd. (NYSE:EG) EVP Mike Karmilowicz sold 269 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the completion of the sale, the executive vice president now owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Everest Group Price Performance

NYSE EG opened at $354.61 on Wednesday. The company has a market cap of $15.27 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 2.45 and a beta of 0.63. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $384.59 and its two-hundred day simple moving average is $380.69. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EG. Norden Group LLC bought a new stake in Everest Group during the 1st quarter valued at $222,000. Commonwealth Equity Services LLC raised its stake in shares of Everest Group by 156.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,880 shares of the company’s stock valued at $748,000 after purchasing an additional 1,148 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Everest Group by 5.5% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,214 shares of the company’s stock worth $483,000 after purchasing an additional 63 shares in the last quarter. Nordea Investment Management AB bought a new position in Everest Group in the 1st quarter worth about $10,861,000. Finally, Daiwa Securities Group Inc. grew its holdings in Everest Group by 6.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,225 shares of the company’s stock valued at $1,679,000 after buying an additional 264 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on EG. Bank of America decreased 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 note on Thursday, October 10th. Barclays decreased their price target 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. Keefe, Bruyette & Woods dropped their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. TD Cowen reduced their price objective on Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $403.00 target price on shares of Everest Group in a research note on Friday, August 30th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $438.00.

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.