Crossmark Global Holdings Inc. Has $1.72 Million Position in Everest Group, Ltd. (NYSE:EG)

Crossmark Global Holdings Inc. raised its position in Everest Group, Ltd. (NYSE:EG) by 206.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,745 shares of the company’s stock after purchasing an additional 3,197 shares during the period. Crossmark Global Holdings Inc.’s holdings in Everest Group were worth $1,720,000 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 EG. M&R Capital Management Inc. acquired a new position in Everest Group in the 3rd quarter valued at $29,000. Bruce G. Allen Investments LLC grew its holdings in 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 buying an additional 52 shares in the last quarter. Eastern Bank bought a new stake in shares of Everest Group during the 3rd quarter valued at $35,000. Brooklyn Investment Group bought a new stake in shares of Everest Group during the 3rd quarter valued at $39,000. Finally, American National Bank & Trust lifted its position in shares of Everest Group by 80.0% during the 3rd quarter. American National Bank & Trust now owns 126 shares of the company’s stock valued at $49,000 after acquiring an additional 56 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of recent analyst reports. Bank of America cut their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and upped their target price for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Barclays cut their target price on Everest Group from $517.00 to $499.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. TD Cowen cut their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Finally, Wells Fargo & Company dropped their price objective on 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. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.44.

Everest Group Price Performance

Everest Group stock opened at $362.77 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $15.59 billion, a PE ratio of 5.68, a P/E/G ratio of 2.47 and a beta of 0.65. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $407.30. The stock has a 50-day moving average price of $367.51 and a two-hundred day moving average price of $376.22.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.21%. Everest Group’s dividend payout ratio is presently 12.52%.

Insider Buying and Selling at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 15,009 shares in the company, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction dated 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 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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.