23,651 Shares in Everest Group, Ltd. (NYSE:EG) Purchased by Holocene Advisors LP

Holocene Advisors LP purchased a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,651 shares of the company's stock, valued at approximately $9,267,000. Holocene Advisors LP owned about 0.06% of Everest Group at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in Everest Group by 1.8% during the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company's stock valued at $393,395,000 after buying an additional 17,885 shares during the period. William Blair Investment Management LLC increased its holdings in Everest Group by 30.2% during the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company's stock valued at $221,057,000 after buying an additional 134,517 shares during the period. Dimensional Fund Advisors LP increased its holdings in Everest Group by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company's stock valued at $203,891,000 after buying an additional 38,254 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Everest Group by 6.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock valued at $192,267,000 after buying an additional 30,458 shares during the period. Finally, LSV Asset Management boosted its stake in Everest Group by 1.9% in the second quarter. LSV Asset Management now owns 476,433 shares of the company's stock valued at $181,531,000 after acquiring an additional 8,654 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Jefferies Financial Group downgraded shares of Everest Group from a "buy" rating to a "hold" rating and raised their target price for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Wells Fargo & Company lowered their target price on shares of Everest Group from $406.00 to $402.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods lowered their target price on shares of Everest Group from $454.00 to $438.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. BMO Capital Markets lowered their target price 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. Finally, UBS Group upgraded shares of Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $431.30.

Everest Group Stock Performance

NYSE EG traded down $6.47 on Wednesday, reaching $378.74. 340,822 shares of the company's stock traded hands, compared to its average volume of 356,842. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 5.93, a P/E/G ratio of 2.84 and a beta of 0.64. The stock has a 50 day moving average price of $380.71 and a 200-day moving average price of $381.01. 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 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 firm 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 dividend of $2.00 per share. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.11%. Everest Group's dividend payout ratio is presently 12.52%.

Insider Buying and Selling at Everest Group

In related news, Director William F. Galtney, Jr. bought 2,870 shares of the business's stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the purchase, the director now directly owns 32,822 shares of the company's stock, valued at approximately $11,443,062.08. This trade 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 the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the business's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the sale, the executive vice president now directly owns 12,726 shares of the company's stock, valued at $4,434,756.48. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Everest Group Company 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.