Sanctuary Advisors LLC Grows Holdings in Everest Group, Ltd. (NYSE:EG)

Sanctuary Advisors LLC raised its position in Everest Group, Ltd. (NYSE:EG) by 7.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,366 shares of the company’s stock after buying an additional 89 shares during the period. Sanctuary Advisors LLC’s holdings in Everest Group were worth $531,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EG. Mizuho Securities USA LLC increased its stake in shares of Everest Group by 12,263.1% in the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after buying an additional 412,040 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Everest Group in the 3rd quarter worth about $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Everest Group by 442.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock valued at $120,744,000 after purchasing an additional 251,337 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Everest Group by 30.2% during the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock worth $221,057,000 after purchasing an additional 134,517 shares during the last quarter. Finally, Assetmark Inc. grew its stake in Everest Group by 39.7% in the third quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock worth $160,646,000 after purchasing an additional 116,559 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Everest Group

In related news, COO James Allan Williamson sold 200 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 15,009 shares in the company, valued at $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of the sale, the executive vice president now owns 12,726 shares of the company’s stock, valued at $4,434,756.48. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Everest Group Price Performance

NYSE EG opened at $362.38 on Thursday. The company has a 50-day moving average price of $371.73 and a two-hundred day moving average price of $378.19. The stock has a market cap of $15.57 billion, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $407.30.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.21%. The ex-dividend date was Wednesday, November 27th. Everest Group’s dividend payout ratio is currently 12.52%.

Analysts Set New Price Targets

EG has been the topic of a number of research analyst reports. UBS Group raised Everest Group to a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets decreased 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 report on Thursday, November 14th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. TD Cowen decreased their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. Finally, Wells Fargo & Company dropped their price objective on shares of Everest Group from $402.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $430.00.

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.