Everest Group, Ltd. (NYSE:EG) Stock Holdings Lifted by Quantbot Technologies LP

Quantbot Technologies LP raised its position in shares of Everest Group, Ltd. (NYSE:EG) by 48.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,396 shares of the company’s stock after purchasing an additional 1,105 shares during the period. Quantbot Technologies LP’s holdings in Everest Group were worth $1,331,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tidal Investments LLC lifted its stake in shares of Everest Group by 9.4% in the 1st quarter. Tidal Investments LLC now owns 3,991 shares of the company’s stock valued at $1,584,000 after purchasing an additional 342 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Everest Group by 39.3% during the 1st quarter. Cetera Investment Advisers now owns 4,879 shares of the company’s stock worth $1,940,000 after acquiring an additional 1,377 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Everest Group during the 1st quarter valued at about $340,000. DekaBank Deutsche Girozentrale raised its stake in shares of Everest Group by 8.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 33,985 shares of the company’s stock valued at $13,363,000 after acquiring an additional 2,546 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Everest Group by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 689 shares of the company’s stock worth $263,000 after purchasing an additional 251 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Insiders Place Their Bets

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 completion of 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the stock in a transaction on Monday, November 4th. The stock was bought at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the transaction, the director now directly owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This trade represents a 9.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Everest Group Trading Down 0.4 %

Everest Group stock opened at $387.56 on Friday. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $413.18. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 2.88 and a beta of 0.63. The business has a 50 day moving average price of $380.80 and a two-hundred day moving average price of $381.05. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 2.06%. Everest Group’s dividend payout ratio (DPR) is currently 12.52%.

Analyst Ratings Changes

A number of equities analysts have recently commented on EG shares. TD Cowen dropped their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. BMO Capital Markets cut their target price on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research report on Thursday, November 14th. 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 report on Tuesday, November 5th. UBS Group upgraded Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods decreased their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $431.30.

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.