10,866 Shares in Everest Group, Ltd. (NYSE:EG) Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd bought a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,866 shares of the company’s stock, valued at approximately $4,294,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American National Bank bought a new stake in Everest Group during the 2nd quarter valued at $27,000. M&R Capital Management Inc. bought a new stake in Everest Group during the 3rd quarter valued at $29,000. Bruce G. Allen Investments LLC raised its holdings in Everest Group by 200.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after acquiring an additional 52 shares during the period. Eastern Bank bought a new stake in Everest Group during the 3rd quarter valued at $35,000. Finally, Brooklyn Investment Group bought a new stake in Everest Group during the 3rd quarter valued at $39,000. Institutional investors own 92.64% of the company’s stock.

Everest Group Stock Up 0.9 %

Shares of NYSE:EG opened at $389.00 on Friday. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $417.04. The firm has a fifty day moving average of $380.79 and a 200 day moving average of $380.95. The firm has a market capitalization of $16.72 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 2.88 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 Announces Dividend

The business 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 of this dividend 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 presently 12.52%.

Insider Buying and Selling

In other Everest Group news, Director William F. Galtney, Jr. purchased 2,870 shares of the business’s stock in a transaction on Monday, November 4th. The stock was acquired at an average cost 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 in the company, valued at approximately $11,443,062.08. This represents a 9.58 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the sale, the executive vice president now owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. The trade was a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EG. Keefe, Bruyette & Woods lowered their target price on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $420.00 to $429.00 in a report on Tuesday. Barclays decreased their price target on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. BMO Capital Markets decreased their price target 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. Finally, TD Cowen decreased their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.