Everest Group, Ltd. (NYSE:EG) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP decreased its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 65.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 777 shares of the company’s stock after selling 1,449 shares during the quarter. Qsemble Capital Management LP’s holdings in Everest Group were worth $304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EG. Price T Rowe Associates Inc. MD increased its stake in Everest Group by 14.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 78,277 shares of the company’s stock worth $31,116,000 after acquiring an additional 9,714 shares during the last quarter. Tidal Investments LLC increased its stake in Everest Group by 9.4% during the first quarter. Tidal Investments LLC now owns 3,991 shares of the company’s stock worth $1,584,000 after acquiring an additional 342 shares during the last quarter. iA Global Asset Management Inc. boosted its position in shares of Everest Group by 476.5% during the first quarter. iA Global Asset Management Inc. now owns 3,926 shares of the company’s stock worth $1,561,000 after buying an additional 3,245 shares during the period. Swedbank AB purchased a new position in shares of Everest Group during the first quarter worth $15,074,000. Finally, Cetera Investment Advisers boosted its position 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 buying an additional 1,377 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 0.3 %

NYSE:EG opened at $388.78 on Thursday. The firm has a market cap 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. The stock has a fifty day moving average price of $380.79 and a 200 day moving average price of $380.90. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month 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 announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.06%. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Insider Activity at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now directly owns 15,009 shares in the company, valued at $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the business’s stock in a transaction 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 purchase, the director now owns 32,822 shares of the company’s stock, valued at $11,443,062.08. This represents a 9.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EG. BMO Capital Markets lowered their price target on Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research report on Thursday, November 14th. Wells Fargo & Company lowered their price target on Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. Barclays lowered their price target on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $420.00 to $429.00 in a research report on Tuesday. Finally, Keefe, Bruyette & Woods lowered their price target 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. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $431.30.

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.