World Investment Advisors LLC Purchases New Stake in Everest Group, Ltd. (NYSE:EG)

World Investment Advisors LLC purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 892 shares of the company’s stock, valued at approximately $350,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EG. Sanctuary Advisors LLC lifted its position in Everest Group by 7.0% during the third quarter. Sanctuary Advisors LLC now owns 1,366 shares of the company’s stock worth $531,000 after acquiring an additional 89 shares during the last quarter. Pine Valley Investments Ltd Liability Co bought a new position in shares of Everest Group during the third quarter worth approximately $2,551,000. Te Ahumairangi Investment Management Ltd lifted its holdings in Everest Group by 13.4% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 36,095 shares of the company’s stock worth $14,063,000 after purchasing an additional 4,255 shares during the last quarter. Toronto Dominion Bank boosted its stake in Everest Group by 1.0% in the 3rd quarter. Toronto Dominion Bank now owns 21,585 shares of the company’s stock valued at $8,458,000 after purchasing an additional 212 shares during the period. Finally, Coldstream Capital Management Inc. grew its holdings in Everest Group by 12.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 701 shares of the company’s stock valued at $272,000 after buying an additional 76 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Insider Activity at Everest Group

In other news, COO James Allan Williamson sold 200 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction 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. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the purchase, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. The trade was a 9.58 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Everest Group Stock Down 1.9 %

Shares of EG opened at $348.33 on Thursday. The firm has a 50 day simple moving average of $375.96 and a two-hundred day simple moving average of $379.27. The company has a market cap of $14.97 billion, a P/E ratio of 5.45, a P/E/G ratio of 2.69 and a beta of 0.64. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $407.30. 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 Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on Everest Group from $402.00 to $390.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. BMO Capital Markets dropped their price objective on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research note on Thursday, November 14th. Barclays decreased their target price on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Finally, TD Cowen reduced their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $430.00.

Everest Group 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.