Vista Investment Partners LLC Increases Stock Position in Everest Group, Ltd. (NYSE:EG)

Vista Investment Partners LLC raised its position in shares of Everest Group, Ltd. (NYSE:EG) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,985 shares of the company’s stock after purchasing an additional 166 shares during the quarter. Vista Investment Partners LLC’s holdings in Everest Group were worth $2,894,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wedmont Private Capital lifted its holdings in shares of Everest Group by 4.8% in the third quarter. Wedmont Private Capital now owns 638 shares of the company’s stock worth $238,000 after buying an additional 29 shares in the last quarter. Dakota Wealth Management increased its stake in Everest Group by 1.7% in the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock worth $705,000 after acquiring an additional 32 shares during the last quarter. Steph & Co. raised its stake in Everest Group by 10.6% during the fourth quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after purchasing an additional 35 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Everest Group by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock valued at $4,392,000 after acquiring an additional 38 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Everest Group by 9.0% in the 3rd quarter. Covestor Ltd now owns 520 shares of the company’s stock valued at $204,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EG. Wells Fargo & Company dropped their target price on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. UBS Group upgraded Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Bank of America cut their price target on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, TD Cowen cut their price objective on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $435.44.

Insider Buying and Selling at Everest Group

In other news, Director William F. Galtney, Jr. acquired 2,870 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the purchase, the director now owns 32,822 shares in the company, valued at $11,443,062.08. This trade represents a 9.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction on 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 directly owns 12,726 shares in the company, valued at approximately $4,434,756.48. This trade represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Everest Group Trading Up 0.6 %

Shares of EG stock opened at $365.52 on Friday. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $407.30. The company has a market cap of $15.71 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 2.47 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a 50 day simple moving average of $367.39 and a 200-day simple moving average of $376.19.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. 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.