Centaurus Financial Inc. Invests $220,000 in Everest Group, Ltd. (NYSE:EG)

Centaurus Financial Inc. purchased a new stake in Everest Group, Ltd. (NYSE:EG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 562 shares of the company’s stock, valued at approximately $220,000.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Everest Group by 14.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 78,277 shares of the company’s stock worth $31,116,000 after buying an additional 9,714 shares during the period. Tidal Investments LLC raised its stake in Everest Group by 9.4% in the 1st quarter. Tidal Investments LLC now owns 3,991 shares of the company’s stock worth $1,584,000 after purchasing an additional 342 shares in the last quarter. iA Global Asset Management Inc. boosted its holdings in Everest Group by 476.5% in the 1st quarter. iA Global Asset Management Inc. now owns 3,926 shares of the company’s stock valued at $1,561,000 after purchasing an additional 3,245 shares during the period. Swedbank AB acquired a new position in shares of Everest Group during the 1st quarter worth approximately $15,074,000. Finally, Cetera Investment Advisers increased its holdings in shares of Everest Group by 39.3% during the first quarter. Cetera Investment Advisers now owns 4,879 shares of the company’s stock worth $1,940,000 after purchasing an additional 1,377 shares during the period. 92.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EG has been the subject of several recent research reports. Bank of America cut their price target on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. TD Cowen reduced their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Wells Fargo & Company decreased their price target on Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $420.00 to $429.00 in a research report on Tuesday. Finally, UBS Group raised shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $431.30.

Insider Activity

In other Everest Group 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 acquisition, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 9.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the sale, the chief operating officer now owns 15,009 shares in the company, valued at approximately $5,553,330. This represents 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 owned by corporate insiders.

Everest Group Trading Up 0.3 %

Shares of Everest Group stock opened at $388.78 on Thursday. The firm’s 50 day moving average is $380.79 and its 200 day moving average is $380.90. The firm has a market capitalization of $16.71 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 2.89 and a beta of 0.63. Everest Group, Ltd. has a 1 year low of $343.76 and a 1 year high of $417.04. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.06%. Everest Group’s dividend payout ratio (DPR) is presently 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.