Integrated Wealth Concepts LLC Raises Stake in Everest Group, Ltd. (NYSE:EG)

Integrated Wealth Concepts LLC grew its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 96.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,837 shares of the company’s stock after buying an additional 900 shares during the period. Integrated Wealth Concepts LLC’s holdings in Everest Group were worth $720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Legend Financial Advisors Inc. grew its holdings in shares of Everest Group by 1.6% during the second quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company’s stock worth $672,000 after purchasing an additional 27 shares during the last quarter. Wedmont Private Capital grew its stake in Everest Group by 4.8% during the 3rd quarter. Wedmont Private Capital now owns 638 shares of the company’s stock worth $238,000 after buying an additional 29 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in Everest Group by 4.6% during the 2nd quarter. Banque Cantonale Vaudoise now owns 745 shares of the company’s stock worth $284,000 after buying an additional 33 shares during the last quarter. IFM Investors Pty Ltd increased its position in Everest Group by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock worth $4,392,000 after buying an additional 38 shares during the period. Finally, Center For Asset Management LLC lifted its stake in Everest Group by 3.6% in the second quarter. Center For Asset Management LLC now owns 1,243 shares of the company’s stock valued at $474,000 after buying an additional 43 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director William F. Galtney, Jr. acquired 2,870 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average cost 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 in the company, valued at $11,443,062.08. This trade represents a 9.58 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO James Allan Williamson sold 200 shares of the firm’s 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 transaction, the chief operating officer now owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EG shares. Barclays lowered their target price on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. TD Cowen decreased 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 note on Monday, November 18th. Wells Fargo & Company dropped their price target on Everest Group from $402.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and increased their price objective for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets lowered their target price on Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a research note on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $430.10.

Everest Group Trading Down 0.9 %

NYSE:EG opened at $368.06 on Tuesday. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 5.76, a PEG ratio of 2.75 and a beta of 0.64. Everest Group, Ltd. has a 1 year low of $343.76 and a 1 year high of $407.30. The stock has a fifty day moving average price of $379.49 and a two-hundred day moving average price of $380.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend 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 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.