B. Riley Wealth Advisors Inc. Sells 921 Shares of Everest Group, Ltd. (NYSE:EG)

B. Riley Wealth Advisors Inc. trimmed its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 38.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,497 shares of the company’s stock after selling 921 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Everest Group were worth $589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EG. SPX Gestao de Recursos Ltda purchased a new stake in Everest Group during the third quarter worth about $6,986,000. Synovus Financial Corp grew its position in shares of Everest Group by 116.4% during the 3rd quarter. Synovus Financial Corp now owns 4,561 shares of the company’s stock valued at $1,787,000 after acquiring an additional 2,453 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Everest Group during the 3rd quarter worth approximately $64,000. World Investment Advisors LLC bought a new stake in shares of Everest Group in the 3rd quarter worth approximately $350,000. Finally, Sanctuary Advisors LLC lifted its stake in Everest Group by 7.0% in the third quarter. Sanctuary Advisors LLC now owns 1,366 shares of the company’s stock valued at $531,000 after purchasing an additional 89 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Stock Down 1.9 %

Shares of NYSE:EG opened at $348.33 on Thursday. The firm has a fifty day moving average price of $375.96 and a two-hundred day moving average price of $379.27. The company has a market cap of $14.97 billion, a price-to-earnings ratio of 5.45, a PEG ratio of 2.69 and a beta of 0.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $407.30.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.30%. The ex-dividend date was Wednesday, November 27th. Everest Group’s dividend payout ratio is 12.52%.

Insider Buying and Selling

In other news, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction 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 directly owns 15,009 shares of the company’s stock, valued at $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 company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their target price on Everest Group from $402.00 to $390.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. TD Cowen lowered their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, Barclays dropped their price target on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Everest Group presently has an average rating of “Hold” and an average price target of $430.00.

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.