Avior Wealth Management LLC Acquires 47 Shares of Everest Group, Ltd. (NYSE:EG)

Avior Wealth Management LLC lifted its holdings in Everest Group, Ltd. (NYSE:EG) by 22.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 257 shares of the company’s stock after acquiring an additional 47 shares during the period. Avior Wealth Management LLC’s holdings in Everest Group were worth $93,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EG. M&R Capital Management Inc. bought a new position in shares of Everest Group in the 3rd quarter valued at about $29,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after acquiring an additional 52 shares during the last quarter. Eastern Bank bought a new position in shares of Everest Group in the 3rd quarter valued at about $35,000. Brooklyn Investment Group bought a new position in shares of Everest Group in the 3rd quarter valued at about $39,000. Finally, American National Bank & Trust lifted its holdings in shares of Everest Group by 80.0% in the 3rd quarter. American National Bank & Trust now owns 126 shares of the company’s stock valued at $49,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Insider Activity at Everest Group

In other Everest Group 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 value of $74,000.00. Following the completion of the sale, the chief operating officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William F. Galtney, Jr. bought 2,870 shares of the stock in a transaction on Monday, November 4th. The stock was purchased at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the purchase, the director now owns 32,822 shares of the company’s stock, valued at $11,443,062.08. This represents 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 corporate insiders.

Everest Group Stock Performance

Shares of EG stock opened at $368.24 on Wednesday. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 5.76, a PEG ratio of 2.47 and a beta of 0.65. The company’s 50 day moving average is $367.33 and its 200 day moving average is $376.04. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $407.30.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s payout ratio is 12.52%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. UBS Group raised shares of Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company decreased their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Barclays decreased their price objective on shares of Everest Group from $499.00 to $461.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, TD Cowen decreased their price objective on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $431.22.

About Everest Group

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.