Blackhawk Capital Partners LLC. Makes New $214,000 Investment in Everest Group, Ltd. (NYSE:EG)

Blackhawk Capital Partners LLC. acquired a new position in Everest Group, Ltd. (NYSE:EG) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 546 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors have also added to or reduced their stakes in EG. SG Americas Securities LLC increased its holdings in shares of Everest Group by 284.8% during the third quarter. SG Americas Securities LLC now owns 24,556 shares of the company’s stock valued at $9,622,000 after acquiring an additional 18,175 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Everest Group during the second quarter valued at $921,000. Blue Trust Inc. increased its holdings in shares of Everest Group by 92.9% during the second quarter. Blue Trust Inc. now owns 162 shares of the company’s stock valued at $64,000 after acquiring an additional 78 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Everest Group by 29.6% during the third quarter. Raymond James & Associates now owns 31,966 shares of the company’s stock valued at $12,525,000 after acquiring an additional 7,306 shares in the last quarter. Finally, National Pension Service increased its holdings in shares of Everest Group by 24.1% during the third quarter. National Pension Service now owns 103,315 shares of the company’s stock valued at $40,482,000 after acquiring an additional 20,040 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Insider Activity

In related news, EVP Mike Karmilowicz sold 269 shares of the business’s 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 transaction, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Everest Group Stock Performance

NYSE EG opened at $376.87 on Thursday. The company has a market cap of $16.20 billion, a P/E ratio of 5.90, a P/E/G ratio of 2.72 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The business’s 50 day moving average price is $380.51 and its 200-day moving average price is $380.68. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $417.92.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Wednesday, November 27th. Everest Group’s dividend payout ratio is currently 12.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EG shares. BMO Capital Markets reduced their price target 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. Keefe, Bruyette & Woods dropped their price objective on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. UBS Group raised Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Bank of America dropped their price objective on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Finally, Barclays dropped their price objective on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Everest Group has an average rating of “Moderate Buy” and an average target price of $434.10.

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.