Everest Group, Ltd. (NYSE:EG) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in Everest Group, Ltd. (NYSE:EG) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,257 shares of the company’s stock after acquiring an additional 76 shares during the period. Oppenheimer & Co. Inc.’s holdings in Everest Group were worth $2,452,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Boston Partners lifted its holdings in shares of Everest Group by 29.1% in the 1st quarter. Boston Partners now owns 1,197,457 shares of the company’s stock worth $475,750,000 after acquiring an additional 269,665 shares during the last quarter. AQR Capital Management LLC lifted its stake in Everest Group by 1.8% during the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company’s stock worth $393,395,000 after purchasing an additional 17,885 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in Everest Group by 5.3% during the first quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock worth $360,175,000 after purchasing an additional 45,705 shares in the last quarter. William Blair Investment Management LLC boosted 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 buying an additional 134,517 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Everest Group by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock valued at $203,891,000 after buying an additional 38,254 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Mike Karmilowicz sold 269 shares of the firm’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 transaction 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William F. Galtney, Jr. acquired 2,870 shares of Everest Group stock in a transaction on Monday, November 4th. The stock was 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 owns 32,822 shares of the company’s stock, valued at $11,443,062.08. The trade was a 9.58 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

Everest Group Price Performance

Shares of NYSE EG opened at $371.33 on Friday. The stock’s 50-day simple moving average is $380.99 and its 200-day simple moving average is $380.62. The firm has a market capitalization of $15.96 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 2.66 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. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40.

Everest Group Dividend Announcement

The business 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 is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.15%. Everest Group’s dividend payout ratio is presently 12.52%.

Wall Street Analysts Forecast Growth

EG has been the topic of several research reports. BMO Capital Markets decreased their target price on Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a research note on Thursday. Barclays lowered their price objective on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company cut their target price on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods decreased their price target on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Bank of America cut their price objective 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. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $435.18.

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.