Janney Montgomery Scott LLC Purchases 13,687 Shares of Everest Group, Ltd. (NYSE:EG)

Janney Montgomery Scott LLC increased its holdings in Everest Group, Ltd. (NYSE:EG) by 152.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,693 shares of the company’s stock after acquiring an additional 13,687 shares during the period. Janney Montgomery Scott LLC’s holdings in Everest Group were worth $8,225,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wedmont Private Capital grew its holdings in Everest Group by 4.8% during the third quarter. Wedmont Private Capital now owns 638 shares of the company’s stock valued at $238,000 after purchasing an additional 29 shares during the period. Dakota Wealth Management boosted its position in Everest Group by 1.7% during the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock worth $705,000 after purchasing an additional 32 shares during the period. Steph & Co. increased its stake in shares of Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company’s stock worth $133,000 after purchasing an additional 35 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of Everest Group by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock valued at $4,392,000 after purchasing an additional 38 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Everest Group by 9.0% during the 3rd quarter. Covestor Ltd now owns 520 shares of the company’s stock valued at $204,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insiders Place Their Bets

In other news, COO James Allan Williamson sold 200 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total value 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 approximately $4,434,756.48. This trade represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Everest Group Trading Up 2.1 %

Shares of EG stock opened at $372.92 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The firm has a market cap of $16.03 billion, a P/E ratio of 5.84, a price-to-earnings-growth ratio of 2.47 and a beta of 0.65. The business has a 50-day moving average price of $367.38 and a two-hundred day moving average price of $376.13. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $407.30.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.15%. The ex-dividend date was Wednesday, November 27th. Everest Group’s dividend payout ratio is currently 12.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. TD Cowen dropped their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. UBS Group upgraded Everest Group to a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets raised shares of Everest Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $372.00 to $453.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company lowered their price objective on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Everest Group has an average rating of “Moderate Buy” and a consensus target price of $435.44.

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.