CWA Asset Management Group LLC Makes New $340,000 Investment in Everest Group, Ltd. (NYSE:EG)

CWA Asset Management Group LLC bought a new position in Everest Group, Ltd. (NYSE:EG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 867 shares of the company’s stock, valued at approximately $340,000.

Several other hedge funds also recently bought and sold shares of EG. American National Bank bought a new stake in shares of Everest Group during the second quarter worth $27,000. M&R Capital Management Inc. bought a new stake in shares of Everest Group during the third quarter worth $29,000. Bruce G. Allen Investments LLC increased its position in shares of Everest Group by 200.0% during 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 bought a new stake in shares of Everest Group during the third quarter worth $35,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Everest Group by 36.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after acquiring an additional 31 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Everest Group

In related news, Director William F. Galtney, Jr. bought 2,870 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, the director now owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director William F. Galtney, Jr. bought 2,870 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, the director now owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the sale, the executive vice president now owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EG. UBS Group raised shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Jefferies Financial Group raised their target price on shares of Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Wells Fargo & Company decreased 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 report on Tuesday, November 5th. TD Cowen decreased 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 report on Tuesday, August 13th. Finally, Bank of America decreased their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. 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. According to MarketBeat, Everest Group has an average rating of “Moderate Buy” and an average target price of $438.00.

Everest Group Stock Performance

Shares of EG opened at $368.57 on Wednesday. The firm has a 50-day moving average of $382.14 and a 200-day moving average of $380.67. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $417.92. The company has a market cap of $15.84 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 2.60 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.38.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is 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.