Kingsview Wealth Management LLC Purchases New Position in Everest Group, Ltd. (NYSE:EG)

Kingsview Wealth Management LLC acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,297 shares of the company’s stock, valued at approximately $2,076,000.

Several other hedge funds also recently modified their holdings of the company. Csenge Advisory Group lifted its position in shares of Everest Group by 2.2% during the second quarter. Csenge Advisory Group now owns 1,239 shares of the company’s stock worth $472,000 after purchasing an additional 27 shares in the last quarter. Legend Financial Advisors Inc. raised its position in Everest Group by 1.6% in the 2nd quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company’s stock worth $672,000 after purchasing an additional 27 shares during the last quarter. Wedmont Private Capital lifted its holdings in Everest Group by 4.8% during the 3rd quarter. Wedmont Private Capital now owns 638 shares of the company’s stock worth $238,000 after buying an additional 29 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Everest Group by 36.9% in the 2nd 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 during the last quarter. Finally, Banque Cantonale Vaudoise increased its stake in shares of Everest Group by 4.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 745 shares of the company’s stock valued at $284,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

EG has been the subject of a number of research reports. BMO Capital Markets lowered their price objective on Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research report on Thursday, November 14th. Jefferies Financial Group lifted their price target on shares of Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods cut their price objective on shares of 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 lowered their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. Finally, Barclays cut their price target on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $434.10.

Insider Transactions at Everest Group

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the completion of the transaction, the executive vice president now owns 12,726 shares of the company’s stock, valued at $4,434,756.48. This represents a 2.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction that occurred on Thursday, November 14th. The shares were 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 $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Everest Group Stock Up 0.3 %

Shares of Everest Group stock opened at $390.31 on Tuesday. Everest Group, Ltd. has a 1 year low of $343.76 and a 1 year high of $417.04. 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 company has a market capitalization of $16.78 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 2.88 and a beta of 0.63. The business has a 50-day moving average of $380.77 and a two-hundred day moving average of $380.80.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is presently 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.