Mutual of America Capital Management LLC Increases Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Mutual of America Capital Management LLC raised its position in shares of Everest Group, Ltd. (NYSE:EG) by 17.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,962 shares of the company’s stock after buying an additional 2,900 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Everest Group were worth $7,822,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American National Bank purchased a new position in Everest Group during the second quarter valued at $27,000. M&R Capital Management Inc. purchased a new position in Everest Group during the third quarter valued at $29,000. Bruce G. Allen Investments LLC increased its holdings in shares of Everest Group by 200.0% during 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 shares of Everest Group during the third quarter valued at $35,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Everest Group by 36.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock valued at $44,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insiders Place Their Bets

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the transaction, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This trade represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William F. Galtney, Jr. acquired 2,870 shares of the stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the transaction, the director now owns 32,822 shares in the company, valued at approximately $11,443,062.08. This represents a 9.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Everest Group Trading Up 0.5 %

Shares of NYSE:EG opened at $373.33 on Tuesday. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 2.66 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 stock’s 50-day simple moving average is $380.72 and its two-hundred day simple moving average is $380.70. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $417.92.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.14%. Everest Group’s payout ratio is 12.52%.

Analyst Upgrades and Downgrades

EG has been the subject of several analyst reports. Bank of America reduced their price target on 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 upgraded Everest Group to a “hold” rating in a report on Wednesday, October 9th. 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. Wells Fargo & Company reduced their price target on Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods reduced their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $436.45.

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.