Everest Group, Ltd. (NYSE:EG) Holdings Raised by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 7.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,293 shares of the company’s stock after purchasing an additional 346 shares during the period. PNC Financial Services Group Inc.’s holdings in Everest Group were worth $2,074,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. American National Bank bought a new stake in shares of Everest Group during the 2nd quarter worth about $27,000. M&R Capital Management Inc. acquired a new stake in Everest Group in the third quarter worth approximately $29,000. Bruce G. Allen Investments LLC boosted its stake in Everest Group by 200.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after purchasing an additional 52 shares in the last quarter. Eastern Bank acquired a new position in shares of Everest Group during the 3rd quarter valued at $35,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after buying an additional 31 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Trading Up 0.3 %

Shares of NYSE EG opened at $390.31 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $417.04. The business has a 50-day moving average price of $380.77 and a two-hundred day moving average price of $380.80. The firm has a market capitalization of $16.78 billion, a PE ratio of 6.10, a PEG ratio of 2.88 and a beta of 0.63.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Wednesday, November 27th. Everest Group’s payout ratio is presently 12.52%.

Insider Buying and Selling at Everest Group

In related news, COO James Allan Williamson sold 200 shares of the firm’s 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 transaction, the chief operating officer now owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the business’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 sale, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at $4,434,756.48. This represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

EG has been the topic of a number of research analyst reports. Barclays lowered their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Wells Fargo & Company cut their target price on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. BMO Capital Markets reduced their target price on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a report on Thursday, November 14th. Jefferies Financial Group upped their price target on Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods decreased their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $434.10.

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.