Centiva Capital LP Purchases 887 Shares of Everest Group, Ltd. (NYSE:EG)

by · The Cerbat Gem

Centiva Capital LP increased its position in Everest Group, Ltd. (NYSE:EG – Free Report) by 18.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,651 shares of the company’s stock after purchasing an additional 887 shares during the quarter. Centiva Capital LP’s holdings in Everest Group were worth $2,214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American National Bank bought a new position in Everest Group in the second quarter worth approximately $27,000. M&R Capital Management Inc. bought a new position in Everest Group in the third quarter worth approximately $29,000. Bruce G. Allen Investments LLC grew its stake 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 purchasing an additional 52 shares in the last quarter. Eastern Bank bought a new position in Everest Group in the third quarter worth approximately $35,000. Finally, Brooklyn Investment Group bought a new position in Everest Group in the third quarter worth approximately $39,000. Institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

EG has been the topic of several recent research reports. Keefe, Bruyette & Woods dropped their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Barclays dropped their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. UBS Group raised Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company decreased their price objective on Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Finally, Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Everest Group currently has an average rating of “Hold” and an average price target of $431.30.

View Our Latest Stock Report on Everest Group

Everest Group Trading Down 1.0 %

EG stock opened at $383.73 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average is $380.80 and its 200 day moving average is $381.11. The stock has a market cap of $16.49 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 2.87 and a beta of 0.64. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $408.71.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is 12.52%.

Insiders Place Their Bets

In related news, Director William F. Galtney, Jr. acquired 2,870 shares of Everest Group stock in a transaction dated Monday, November 4th. The shares were acquired at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the purchase, the director now owns 32,822 shares in the company, valued at approximately $11,443,062.08. The trade was a 9.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $74,000.00. Following the completion of the sale, the chief operating officer now 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 insiders.

Everest Group Company Profile

(Free Report)

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.

Further Reading

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