Intech Investment Management LLC Acquires 3,166 Shares of Everest Group, Ltd. (NYSE:EG)

Intech Investment Management LLC grew its stake in shares of Everest Group, Ltd. (NYSE:EG) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,324 shares of the company’s stock after buying an additional 3,166 shares during the period. Intech Investment Management LLC owned approximately 0.06% of Everest Group worth $10,706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of EG. Bessemer Group Inc. lifted its holdings in shares of Everest Group by 31.4% during the 1st quarter. Bessemer Group Inc. now owns 921 shares of the company’s stock valued at $366,000 after purchasing an additional 220 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in Everest Group by 3.5% in the first quarter. 1832 Asset Management L.P. now owns 5,771 shares of the company’s stock valued at $2,294,000 after buying an additional 193 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Everest Group by 50.3% in the first quarter. Lazard Asset Management LLC now owns 67,710 shares of the company’s stock valued at $26,914,000 after buying an additional 22,662 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Everest Group by 14.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 78,277 shares of the company’s stock worth $31,116,000 after acquiring an additional 9,714 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Everest Group by 38.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 118,092 shares of the company’s stock worth $46,942,000 after acquiring an additional 33,077 shares during the period. Institutional investors own 92.64% of the company’s stock.

Everest Group Trading Up 2.3 %

Everest Group stock opened at $385.65 on Friday. The stock has a 50-day simple moving average of $380.64 and a 200 day simple moving average of $380.71. The stock has a market capitalization of $16.58 billion, a P/E ratio of 6.04, a PEG ratio of 2.72 and a beta of 0.63. 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, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Insider Buying and Selling at Everest Group

In related news, COO James Allan Williamson sold 200 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value of $74,000.00. Following the transaction, the chief operating officer now directly owns 15,009 shares in the company, valued at approximately $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William F. Galtney, Jr. acquired 2,870 shares of the company’s stock in a transaction on Monday, November 4th. The stock was bought at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the acquisition, the director now directly 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 disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of research reports. Barclays lowered their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company dropped their target price on Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets reduced their price target on 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. Jefferies Financial Group lifted their price objective 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. Finally, Bank of America decreased their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Everest Group has a consensus rating of “Moderate Buy” and a consensus price target of $434.10.

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.