Everest Group, Ltd. (NYSE:EG) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its position in shares of Everest Group, Ltd. (NYSE:EG) by 0.7% in the third quarter, HoldingsChannel.com reports. The firm owned 12,789 shares of the company’s stock after acquiring an additional 95 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Everest Group were worth $5,011,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mizuho Securities USA LLC lifted its position 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 buying an additional 412,040 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Everest Group in the third quarter valued at $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Everest Group by 442.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock valued at $120,744,000 after acquiring an additional 251,337 shares in the last quarter. William Blair Investment Management LLC grew its holdings 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 purchasing an additional 134,517 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of 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 purchasing an additional 116,559 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EG. Bank of America decreased their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. BMO Capital Markets cut their target price on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a report on Thursday, November 14th. TD Cowen decreased their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Finally, Wells Fargo & Company dropped their price objective on shares of Everest Group from $402.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Everest Group presently has a consensus rating of “Hold” and a consensus price target of $430.10.

Everest Group Stock Up 0.0 %

Shares of NYSE:EG opened at $362.64 on Friday. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $407.30. 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 firm’s 50-day simple moving average is $376.63 and its 200-day simple moving average is $379.82. The company has a market cap of $15.59 billion, a price-to-earnings ratio of 5.68, a PEG ratio of 2.68 and a beta of 0.64.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s dividend payout ratio is presently 12.52%.

Insiders Place Their Bets

In related news, Director William F. Galtney, Jr. acquired 2,870 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO James Allan Williamson sold 200 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the transaction, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. This trade represents a 1.32 % 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 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.