Amalgamated Bank Has $3.46 Million Position in Everest Group, Ltd. (NYSE:EG)

Amalgamated Bank decreased its position in Everest Group, Ltd. (NYSE:EG) by 37.6% during the 3rd quarter, Holdings Channel reports. The firm owned 8,823 shares of the company’s stock after selling 5,306 shares during the quarter. Amalgamated Bank’s holdings in Everest Group were worth $3,457,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Boston Partners boosted its position in Everest Group by 29.1% in the first quarter. Boston Partners now owns 1,197,457 shares of the company’s stock valued at $475,750,000 after buying an additional 269,665 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Everest Group by 30.2% in the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock worth $221,057,000 after acquiring an additional 134,517 shares in the last quarter. Arnhold LLC bought a new stake in Everest Group during the 1st quarter worth approximately $19,896,000. Champlain Investment Partners LLC increased its holdings in Everest Group by 5.3% during the 1st quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock valued at $360,175,000 after purchasing an additional 45,705 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Everest Group by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock valued at $203,891,000 after purchasing an additional 38,254 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Trading Up 1.7 %

NYSE EG opened at $368.29 on Friday. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $417.92. The stock has a 50-day simple moving average of $383.08 and a 200 day simple moving average of $380.51. The company has a current ratio of 0.40, a quick ratio of 0.38 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $15.83 billion, a PE ratio of 5.76, a P/E/G ratio of 2.59 and a beta of 0.63.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.17%. Everest Group’s dividend payout ratio is 12.52%.

Insider Buying and Selling

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the sale, the executive vice president now directly owns 12,726 shares in the company, valued at approximately $4,434,756.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction dated Monday, November 4th. The stock was 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 in the company, valued at $4,434,756.48. This represents a 0.00 % 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, Director William F. Galtney, Jr. acquired 2,870 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the acquisition, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. TD Cowen dropped their target price on shares of Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Bank of America decreased their price target on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company reduced their price objective on Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $403.00 price objective on shares of Everest Group in a research report on Friday, August 30th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $438.00.

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.