Fmr LLC Boosts Holdings in Everest Group, Ltd. (NYSE:EG)

Fmr LLC boosted its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 21.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 410,861 shares of the company’s stock after buying an additional 72,822 shares during the quarter. Fmr LLC owned approximately 0.96% of Everest Group worth $160,988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mizuho Securities USA LLC raised its stake in Everest Group by 12,263.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after acquiring an additional 412,040 shares during the period. William Blair Investment Management LLC raised its position in shares of Everest Group by 30.2% during the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock valued at $221,057,000 after purchasing an additional 134,517 shares during the period. Assetmark Inc. lifted its stake in shares of Everest Group by 39.7% during the 3rd quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock valued at $160,646,000 after buying an additional 116,559 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Everest Group by 41.8% during the 3rd quarter. Bank of Montreal Can now owns 199,361 shares of the company’s stock valued at $78,776,000 after buying an additional 58,787 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Everest Group by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock worth $203,891,000 after buying an additional 38,254 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Trading Up 0.4 %

EG opened at $385.42 on Wednesday. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $408.71. 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 stock has a market cap of $16.57 billion, a price-to-earnings ratio of 6.03, a P/E/G ratio of 2.84 and a beta of 0.64. The stock’s 50 day moving average price is $380.74 and its 200-day moving average price is $381.08.

Everest Group Dividend Announcement

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 paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio is currently 12.52%.

Insider Transactions at Everest Group

In other Everest Group news, Director William F. Galtney, Jr. acquired 2,870 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the acquisition, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 9.58 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was 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 of the company’s stock, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

EG has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Bank of America cut their price objective on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a report on Thursday, October 10th. UBS Group raised shares of Everest Group to a “hold” rating in a research note on Wednesday, October 9th. 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 note on Thursday, November 14th. Finally, Wells Fargo & Company cut their price objective on Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $431.30.

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.