1,100 Shares in Everest Group, Ltd. (NYSE:EG) Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH bought a new position in Everest Group, Ltd. (NYSE:EG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,100 shares of the company’s stock, valued at approximately $435,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its position in Everest Group by 39.3% in the first quarter. Cetera Investment Advisers now owns 4,879 shares of the company’s stock worth $1,940,000 after acquiring an additional 1,377 shares during the period. Cetera Advisors LLC bought a new position in Everest Group in the first quarter worth approximately $340,000. Massmutual Trust Co. FSB ADV raised its position in Everest Group by 36.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after acquiring an additional 31 shares during the period. Park Avenue Securities LLC raised its position in Everest Group by 12.7% in the second quarter. Park Avenue Securities LLC now owns 4,915 shares of the company’s stock worth $1,873,000 after acquiring an additional 555 shares during the period. Finally, Csenge Advisory Group raised its position in Everest Group by 2.2% in the second quarter. Csenge Advisory Group now owns 1,239 shares of the company’s stock worth $472,000 after acquiring an additional 27 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EG shares. BMO Capital Markets decreased their price target on shares of 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. Bank of America decreased their price objective on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company lowered their target price on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods lowered their target price on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, TD Cowen lowered their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Everest Group currently has an average rating of “Hold” and an average price target of $431.30.

Insiders Place Their Bets

In other news, EVP Mike Karmilowicz sold 269 shares of the business’s 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 sale, the executive vice president now directly owns 12,726 shares in the company, valued at $4,434,756.48. The trade was a 2.07 % decrease in their position. 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 the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the sale, the chief operating officer now 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 disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Everest Group Stock Down 1.7 %

Shares of EG stock opened at $378.74 on Thursday. The stock has a market cap of $16.28 billion, a P/E ratio of 5.93, a PEG ratio of 2.84 and a beta of 0.64. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $380.71 and its two-hundred day simple moving average is $381.01.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.11%. The ex-dividend date is Wednesday, November 27th. Everest Group’s payout ratio is currently 12.52%.

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.