Public Sector Pension Investment Board Raises Holdings in Everest Group, Ltd. (NYSE:EG)

Public Sector Pension Investment Board raised its position in shares of Everest Group, Ltd. (NYSE:EG) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,544 shares of the company’s stock after acquiring an additional 200 shares during the period. Public Sector Pension Investment Board’s holdings in Everest Group were worth $2,956,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EG. Mizuho Securities USA LLC grew its holdings in shares of 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 purchasing an additional 412,040 shares during the period. William Blair Investment Management LLC lifted its position in Everest Group by 30.2% during the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock valued at $221,057,000 after buying an additional 134,517 shares in the last quarter. Assetmark Inc. grew its stake in Everest Group by 39.7% during the third quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock worth $160,646,000 after buying an additional 116,559 shares during the period. FMR LLC grew its stake in Everest Group by 21.5% during the third quarter. FMR LLC now owns 410,861 shares of the company’s stock worth $160,988,000 after buying an additional 72,822 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Everest Group by 151.9% in the third quarter. BNP Paribas Financial Markets now owns 114,712 shares of the company’s stock worth $44,948,000 after acquiring an additional 69,166 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on shares of 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. Bank of America reduced their price objective on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. TD Cowen lowered their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. BMO Capital Markets reduced their price target on Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a research report on Thursday, November 14th. Finally, Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Everest Group presently has an average rating of “Hold” and an average target price of $431.30.

Insider Buying and Selling at Everest Group

In other news, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 15,009 shares in the company, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 12,726 shares in the company, 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 currently owned by insiders.

Everest Group Price Performance

EG stock opened at $385.42 on Wednesday. The company has a market capitalization of $16.57 billion, a PE ratio of 6.03, a P/E/G ratio of 2.84 and a beta of 0.64. 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 stock’s 50 day moving average is $380.74 and its two-hundred day moving average is $381.08. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $408.71.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.08%. Everest Group’s dividend payout ratio is presently 12.52%.

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.