B.O.S.S. Retirement Advisors LLC Purchases New Position in Everest Group, Ltd. (NYSE:EG)

B.O.S.S. Retirement Advisors LLC acquired a new stake in Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 646 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors have also added to or reduced their stakes in the business. Exchange Traded Concepts LLC boosted its holdings in Everest Group by 15.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,801 shares of the company’s stock worth $1,015,000 after purchasing an additional 375 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Everest Group by 22.4% in the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock worth $93,000 after buying an additional 47 shares during the last quarter. Traynor Capital Management Inc. grew its holdings in shares of Everest Group by 31.6% in the fourth quarter. Traynor Capital Management Inc. now owns 2,628 shares of the company’s stock worth $953,000 after acquiring an additional 631 shares during the period. Janney Montgomery Scott LLC increased its position in Everest Group by 152.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company’s stock valued at $8,225,000 after acquiring an additional 13,687 shares during the last quarter. Finally, Dakota Wealth Management boosted its position in Everest Group by 1.7% in the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock worth $705,000 after purchasing an additional 32 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director William F. Galtney, Jr. acquired 2,870 shares of the business’s stock in a transaction on Monday, November 4th. The shares were acquired at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the transaction, the director now directly owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. The trade was a 9.58 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James Allan Williamson sold 200 shares of the stock in a transaction that occurred 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 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Everest Group Trading Up 0.6 %

Everest Group stock opened at $365.52 on Friday. The stock has a market cap of $15.71 billion, a P/E ratio of 5.72, a PEG ratio of 2.47 and a beta of 0.65. The firm’s 50 day moving average price is $367.39 and its 200-day moving average price is $376.19. Everest Group, Ltd. has a 1 year low of $343.76 and a 1 year 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.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s dividend 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.