5,297 Shares in Everest Group, Ltd. (NYSE:EG) Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the 3rd quarter, Holdings Channel reports. The fund purchased 5,297 shares of the company’s stock, valued at approximately $2,076,000.

A number of other hedge funds have also recently bought and sold shares of EG. Boston Partners boosted its holdings in shares of Everest Group by 29.1% in the 1st quarter. Boston Partners now owns 1,197,457 shares of the company’s stock valued at $475,750,000 after buying an additional 269,665 shares during the last quarter. AQR Capital Management LLC lifted its stake in Everest Group by 1.8% in the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company’s stock valued at $393,395,000 after acquiring an additional 17,885 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Everest Group by 30.2% in the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock valued at $221,057,000 after acquiring an additional 134,517 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Everest Group by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock worth $203,891,000 after purchasing an additional 38,254 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Everest Group by 6.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company’s stock valued at $192,267,000 after purchasing an additional 30,458 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were 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. The trade was a 1.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were purchased at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the acquisition, the director now owns 32,822 shares in the company, valued at $11,443,062.08. This trade represents a 9.58 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Everest Group Stock Up 0.3 %

Shares of EG opened at $390.31 on Tuesday. 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, Ltd. has a 12 month low of $343.76 and a 12 month high of $417.04. The firm’s 50 day moving average is $380.77 and its 200-day moving average is $380.80. The stock has a market capitalization of $16.78 billion, a PE ratio of 6.11, a P/E/G ratio of 2.88 and a beta of 0.63.

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 issued a $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.05%. Everest Group’s dividend payout ratio is presently 12.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EG shares. BMO Capital Markets lowered their price target on Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a research report on Thursday, November 14th. Jefferies Financial Group boosted their target price on Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Wells Fargo & Company cut their price target on Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. TD Cowen decreased their price objective on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Finally, Bank of America cut their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Everest Group presently has an average rating of “Moderate Buy” and a consensus price target of $434.10.

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.