KBC Group NV Sells 110,964 Shares of Everest Group, Ltd. (NYSE:EG)

KBC Group NV reduced its stake in Everest Group, Ltd. (NYSE:EG) by 65.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,560 shares of the company’s stock after selling 110,964 shares during the quarter. KBC Group NV owned about 0.14% of Everest Group worth $21,226,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wedmont Private Capital grew its holdings in shares of Everest Group by 4.8% during the third quarter. Wedmont Private Capital now owns 638 shares of the company’s stock valued at $238,000 after buying an additional 29 shares during the last quarter. Dakota Wealth Management boosted its position in shares of Everest Group by 1.7% during the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock valued at $705,000 after buying an additional 32 shares during the last quarter. Steph & Co. lifted its stake in Everest Group by 10.6% during the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after acquiring an additional 35 shares during the period. IFM Investors Pty Ltd raised its holdings in shares of Everest Group by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock valued at $4,392,000 after purchasing an additional 38 shares during the last quarter. Finally, Covestor Ltd lifted its position in Everest Group by 9.0% during the third quarter. Covestor Ltd now owns 520 shares of the company’s stock valued at $204,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

EG has been the subject of a number of research analyst reports. TD Cowen cut their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th. BMO Capital Markets upgraded Everest Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $372.00 to $453.00 in a research report on Friday, January 10th. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Wells Fargo & Company reduced their price target on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Bank of America cut 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $431.22.

Insider Buying and Selling at Everest Group

In related news, Director William F. Galtney, Jr. bought 2,870 shares of the stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the acquisition, the director now owns 32,822 shares of the company’s stock, valued at $11,443,062.08. This represents 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 the SEC website. Also, COO James Allan Williamson sold 200 shares of the stock in a transaction dated 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 of the company’s stock, valued at $5,553,330. This trade represents 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.

Everest Group Stock Performance

Shares of NYSE EG opened at $368.24 on Wednesday. The stock has a market cap of $15.83 billion, a PE ratio of 5.76, a price-to-earnings-growth ratio of 2.47 and a beta of 0.65. Everest Group, Ltd. has a 1 year low of $343.76 and a 1 year high of $407.30. The firm has a fifty day moving average price of $367.33 and a 200-day moving average price of $376.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group Dividend Announcement

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

Everest Group Company 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.