Everest Group, Ltd. (NYSE:EG) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lowered its stake in Everest Group, Ltd. (NYSE:EG) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,908 shares of the company’s stock after selling 100 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Everest Group were worth $2,504,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. M&R Capital Management Inc. acquired a new position in shares of Everest Group during the third quarter worth $29,000. Bruce G. Allen Investments LLC boosted its position in shares of Everest Group by 200.0% during the 3rd 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 position in shares of Everest Group in the 3rd quarter valued at about $35,000. Brooklyn Investment Group acquired a new stake in shares of Everest Group during the 3rd quarter worth about $39,000. Finally, American National Bank & Trust boosted its holdings in Everest Group by 80.0% in the third quarter. American National Bank & Trust now owns 126 shares of the company’s stock valued at $49,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Price Performance

Everest Group stock opened at $362.60 on Monday. The business has a 50 day simple moving average of $367.92 and a 200-day simple moving average of $376.40. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $407.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $15.58 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 2.33 and a beta of 0.65.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Insider Activity

In related news, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The stock was 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 $4,434,756.48. The trade was a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO James Allan Williamson sold 200 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the transaction, the chief operating officer now owns 15,009 shares of the company’s stock, valued at $5,553,330. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on EG shares. Barclays cut their price objective on shares of Everest Group from $517.00 to $499.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Jefferies Financial Group lowered 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 report on Tuesday, November 26th. UBS Group raised Everest Group to a “hold” rating in a report on Wednesday, October 9th. Finally, Bank of America cut their price target on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $435.44.

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.