TrinityPoint Wealth LLC Makes New Investment in Everest Group, Ltd. (NYSE:EG)

TrinityPoint Wealth LLC purchased a new position in Everest Group, Ltd. (NYSE:EG) in the third quarter, Holdings Channel reports. The fund purchased 881 shares of the company’s stock, valued at approximately $345,000.

Several other large investors also recently made changes to their positions in the stock. Csenge Advisory Group raised its position in shares of Everest Group by 2.2% in the second quarter. Csenge Advisory Group now owns 1,239 shares of the company’s stock valued at $472,000 after purchasing an additional 27 shares during the period. Legend Financial Advisors Inc. grew its stake in shares of Everest Group by 1.6% in the second quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company’s stock worth $672,000 after acquiring an additional 27 shares during the last quarter. Wedmont Private Capital raised its position 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. Massmutual Trust Co. FSB ADV raised its holdings in Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock valued at $44,000 after acquiring an additional 31 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in shares of Everest Group by 4.6% in the second quarter. Banque Cantonale Vaudoise now owns 745 shares of the company’s stock valued at $284,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

EG has been the subject of a number of analyst reports. UBS Group upgraded shares of Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lowered their price target 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, November 5th. Jefferies Financial Group upped their target price on shares of Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Barclays dropped their price objective on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Finally, Keefe, Bruyette & Woods reduced their price objective on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $436.45.

Insider Buying and Selling at Everest Group

In other news, Director William F. Galtney, Jr. purchased 2,870 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, the director now directly owns 32,822 shares of the company’s stock, valued at $11,443,062.08. This trade represents a 9.58 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction 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 transaction, the executive vice president now owns 12,726 shares in the company, valued at $4,434,756.48. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Everest Group Stock Up 0.5 %

Everest Group stock opened at $373.33 on Tuesday. 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 firm has a market capitalization of $16.05 billion, a PE ratio of 5.84, a P/E/G ratio of 2.66 and a beta of 0.63. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $417.92. The company’s 50-day moving average is $380.72 and its 200-day moving average is $380.70.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.00 per share. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.14%. Everest Group’s dividend payout ratio (DPR) is 12.52%.

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.