Everest Group, Ltd. (NYSE:EG) Director Purchases $1,000,596.80 in Stock

Everest Group, Ltd. (NYSE:EG) Director William F. Galtney, Jr. acquired 2,870 shares of the stock in a transaction that occurred 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 transaction, the director now owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Everest Group Stock Up 1.7 %

Everest Group stock opened at $368.30 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.38 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $383.08 and a 200 day simple moving average of $380.43. The company has a market cap of $15.83 billion, a P/E ratio of 5.76, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $417.92.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is 12.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. UBS Group upgraded Everest Group to a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company dropped 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 report on Tuesday. Jefferies Financial Group upped their price target on shares of Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets restated a “market perform” rating and set a $403.00 price objective on shares of Everest Group in a report on Friday, August 30th. Finally, Bank of America cut their price objective on shares of 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 analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Everest Group has an average rating of “Moderate Buy” and a consensus price target of $438.00.

Hedge Funds Weigh In On Everest Group

Institutional investors have recently added to or reduced their stakes in the company. Boston Partners increased its position in Everest Group by 29.1% during the first quarter. Boston Partners now owns 1,197,457 shares of the company’s stock worth $475,750,000 after buying an additional 269,665 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Everest Group by 1.8% in the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company’s stock valued at $393,395,000 after purchasing an additional 17,885 shares during the period. Champlain Investment Partners LLC raised its position in shares of Everest Group by 5.3% in the first quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock valued at $360,175,000 after purchasing an additional 45,705 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Everest Group by 30.2% during the 2nd 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 raised its holdings in Everest Group by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock valued at $203,891,000 after acquiring an additional 38,254 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

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.