Foster & Motley Inc. Has $3.49 Million Holdings in Everest Group, Ltd. (NYSE:EG)

Foster & Motley Inc. trimmed its stake in Everest Group, Ltd. (NYSE:EG) by 24.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,917 shares of the company’s stock after selling 2,856 shares during the period. Foster & Motley Inc.’s holdings in Everest Group were worth $3,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. American National Bank bought a new stake in Everest Group in the second quarter valued at about $27,000. M&R Capital Management Inc. acquired a new stake in Everest Group during the third quarter valued at approximately $29,000. Bruce G. Allen Investments LLC grew its stake in shares of Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after purchasing an additional 52 shares during the period. Eastern Bank acquired a new position in shares of Everest Group in the 3rd quarter worth approximately $35,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Everest Group by 36.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after buying an additional 31 shares during the period. Institutional investors own 92.64% of the company’s stock.

Insider Activity

In related news, Director William F. Galtney, Jr. acquired 2,870 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average price of $348.64 per share, for a total transaction 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 trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director William F. Galtney, Jr. purchased 2,870 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the acquisition, the director now directly owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of the transaction, the executive vice president now owns 12,726 shares of the company’s stock, valued at $4,434,756.48. This represents a 0.00 % 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.

Analyst Upgrades and Downgrades

EG has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on Everest Group from $450.00 to $445.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. BMO Capital Markets restated a “market perform” rating and issued a $403.00 price target on shares of Everest Group in a research report on Friday, August 30th. Wells Fargo & Company dropped their price objective on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday. UBS Group raised Everest Group to a “hold” rating in a report on Wednesday, October 9th. Finally, TD Cowen dropped their price target on Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $438.00.

Everest Group Price Performance

Shares of EG stock opened at $366.60 on Thursday. The firm’s 50 day moving average price is $384.13 and its two-hundred day moving average price is $380.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $417.92. The stock has a market cap of $15.79 billion, a PE ratio of 5.74, a PEG ratio of 2.46 and a beta of 0.63.

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.