Vinva Investment Management Ltd Makes New $4.29 Million Investment in Everest Group, Ltd. (NYSE:EG)

Vinva Investment Management Ltd acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,866 shares of the company's stock, valued at approximately $4,294,000.

A number of other hedge funds also recently made changes to their positions in EG. SG Americas Securities LLC increased its stake in shares of Everest Group by 284.8% in the third quarter. SG Americas Securities LLC now owns 24,556 shares of the company's stock worth $9,622,000 after buying an additional 18,175 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Everest Group in the second quarter worth $921,000. Intech Investment Management LLC increased its stake in shares of Everest Group by 13.1% in the third quarter. Intech Investment Management LLC now owns 27,324 shares of the company's stock worth $10,706,000 after buying an additional 3,166 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Everest Group by 17.0% in the third quarter. Mutual of America Capital Management LLC now owns 19,962 shares of the company's stock worth $7,822,000 after buying an additional 2,900 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Everest Group by 92.9% in the second quarter. Blue Trust Inc. now owns 162 shares of the company's stock worth $64,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Insider Activity

In related news, Director William F. Galtney, Jr. acquired 2,870 shares of the business's stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the purchase, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This trade represents a 9.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO James Allan Williamson sold 200 shares of Everest Group 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 sale, the chief operating officer now 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 disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Everest Group Stock Performance

Shares of EG traded down $1.52 during midday trading on Friday, hitting $387.48. 264,891 shares of the stock traded hands, compared to its average volume of 355,852. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $413.18. The firm has a market capitalization of $16.65 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. The business's 50 day moving average price is $380.80 and its two-hundred day moving average price is $381.01.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Wednesday, November 27th. Everest Group's dividend payout ratio (DPR) is 12.52%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Everest Group from $383.00 to $372.00 and set a "market perform" rating for the company in a research note on Thursday, November 14th. Barclays dropped their price target on shares of Everest Group from $527.00 to $517.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Jefferies Financial Group downgraded shares of Everest Group from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $420.00 to $429.00 in a report on Tuesday. UBS Group raised shares of Everest Group to a "hold" rating in a report on Wednesday, October 9th. Finally, TD Cowen decreased their price objective on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a report on Monday, November 18th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $431.30.

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.