B.O.S.S. Retirement Advisors LLC Acquires New Holdings in Everest Group, Ltd. (NYSE:EG)

B.O.S.S. Retirement Advisors LLC bought a new position in shares of Everest Group, Ltd. (NYSE:EG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 646 shares of the company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EG. M&R Capital Management Inc. purchased a new stake in shares of Everest Group during the 3rd quarter valued at $29,000. Bruce G. Allen Investments LLC boosted its holdings in Everest Group by 200.0% in the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after acquiring an additional 52 shares in the last quarter. Eastern Bank purchased a new stake in shares of Everest Group during the third quarter worth about $35,000. Brooklyn Investment Group acquired a new position in shares of Everest Group during the third quarter valued at about $39,000. Finally, American National Bank & Trust raised its position 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 purchasing an additional 56 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Insider Activity at Everest Group

In related news, Director William F. Galtney, Jr. purchased 2,870 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the acquisition, the director now owns 32,822 shares in the company, valued at $11,443,062.08. The trade was a 9.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James Allan Williamson sold 200 shares of the stock in a transaction 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 directly owns 15,009 shares in the company, valued at approximately $5,553,330. The trade was 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 company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EG. Wells Fargo & Company cut their price target on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods raised their target price on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Barclays dropped their price target on Everest Group from $517.00 to $499.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group cut 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. Finally, TD Cowen dropped their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.44.

Everest Group Stock Performance

Shares of NYSE EG opened at $365.52 on Friday. The company has a market capitalization of $15.71 billion, a PE ratio of 5.72, a price-to-earnings-growth ratio of 2.47 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The company’s fifty day moving average price is $367.39 and its 200 day moving average price is $376.19. Everest Group, Ltd. has a 1 year low of $343.76 and a 1 year high of $407.30.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was 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.