4,487 Shares in Everest Group, Ltd. (NYSE:EG) Purchased by Point72 DIFC Ltd

Point72 DIFC Ltd bought a new position in shares of Everest Group, Ltd. (NYSE:EG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,487 shares of the company’s stock, valued at approximately $1,758,000.

Several other institutional investors have also recently made changes to their positions in the business. Cetera Investment Advisers grew its holdings in Everest Group by 39.3% during the 1st quarter. Cetera Investment Advisers now owns 4,879 shares of the company’s stock valued at $1,940,000 after buying an additional 1,377 shares in the last quarter. Cetera Advisors LLC purchased a new position in Everest Group during the 1st quarter valued at approximately $340,000. Massmutual Trust Co. FSB ADV grew its holdings in Everest Group by 36.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock valued at $44,000 after buying an additional 31 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Everest Group by 12.7% during the 2nd quarter. Park Avenue Securities LLC now owns 4,915 shares of the company’s stock valued at $1,873,000 after buying an additional 555 shares in the last quarter. Finally, Csenge Advisory Group grew its holdings in Everest Group by 2.2% during the 2nd quarter. Csenge Advisory Group now owns 1,239 shares of the company’s stock valued at $472,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of recent research reports. Bank of America dropped their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company dropped their target price 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. Barclays dropped their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. BMO Capital Markets dropped their target price on Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a report on Thursday, November 14th. Finally, UBS Group upgraded Everest Group to a “hold” rating in a report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Everest Group currently has a consensus rating of “Hold” and an average target price of $431.30.

Everest Group Trading Down 1.7 %

Shares of NYSE EG opened at $378.74 on Thursday. 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 business has a fifty day simple moving average of $380.71 and a two-hundred day simple moving average of $381.01. The firm has a market cap of $16.28 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 2.85 and a beta of 0.64. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $407.30.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Insider Buying and Selling at Everest Group

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction on Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the completion of the sale, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at $4,434,756.48. The trade was a 2.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William F. Galtney, Jr. bought 2,870 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now 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 disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

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.