MQS Management LLC Acquires Shares of 1,804 Everest Group, Ltd. (NYSE:EG)

MQS Management LLC acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,804 shares of the company’s stock, valued at approximately $707,000.

A number of other institutional investors have also made changes to their positions in the company. American National Bank acquired a new stake in Everest Group during the 2nd quarter valued at approximately $27,000. M&R Capital Management Inc. bought a new stake in shares of Everest Group in the third quarter worth $29,000. Bruce G. Allen Investments LLC raised its holdings in Everest Group by 200.0% in the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after acquiring an additional 52 shares in the last quarter. Eastern Bank bought a new position in Everest Group during the 3rd quarter valued at $35,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after purchasing an additional 31 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Trading Down 0.2 %

Shares of NYSE:EG opened at $368.57 on Wednesday. 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 company’s 50-day moving average price is $382.14 and its 200 day moving average price is $380.67. The company has a market cap of $15.84 billion, a PE ratio of 5.77, a P/E/G ratio of 2.65 and a beta of 0.63. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $417.92.

Everest Group Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.17%. Everest Group’s dividend payout ratio is presently 12.52%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. Barclays decreased their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Bank of America dropped their price target 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. Keefe, Bruyette & Woods lowered their target price on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $403.00 price target on shares of Everest Group in a research report on Friday, August 30th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Everest Group presently has an average rating of “Moderate Buy” and a consensus price target of $438.00.

Insider Buying and Selling

In other Everest Group news, Director William F. Galtney, Jr. bought 2,870 shares of the business’s stock in a transaction on Monday, November 4th. The shares were purchased at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the purchase, the director now directly owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director William F. Galtney, Jr. bought 2,870 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the transaction, the director now directly owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the sale, the executive vice president now owns 12,726 shares in the company, valued at $4,434,756.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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.