BNP Paribas Financial Markets Acquires 69,166 Shares of Everest Group, Ltd. (NYSE:EG)

BNP Paribas Financial Markets increased its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 151.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,712 shares of the company's stock after acquiring an additional 69,166 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.27% of Everest Group worth $44,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. American National Bank purchased a new stake in shares of Everest Group during the second quarter worth about $27,000. M&R Capital Management Inc. purchased a new stake in Everest Group in the 3rd quarter worth approximately $29,000. Bruce G. Allen Investments LLC grew its position in shares of Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company's stock worth $31,000 after buying an additional 52 shares during the last quarter. Eastern Bank purchased a new position in shares of Everest Group during the third quarter valued at approximately $35,000. Finally, Brooklyn Investment Group bought a new position in shares of Everest Group during the third quarter valued at approximately $39,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Everest Group

In related news, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of the sale, the executive vice president now directly owns 12,726 shares in the company, valued at approximately $4,434,756.48. This trade represents a 2.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $74,000.00. Following the transaction, the chief operating officer now owns 15,009 shares in the company, valued at $5,553,330. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Everest Group Stock Down 0.4 %

NYSE:EG traded down $1.52 during trading hours on Friday, reaching $387.48. 264,891 shares of the company traded hands, compared to its average volume of 355,852. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The business's 50-day moving average price is $380.80 and its two-hundred day moving average price is $381.01. Everest Group, Ltd. has a 1 year low of $343.76 and a 1 year high of $413.18. The stock has a market capitalization of $16.65 billion, a P/E ratio of 6.09, a P/E/G ratio of 2.88 and a beta of 0.63.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a $2.00 dividend. 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 is presently 12.52%.

Analysts Set New Price Targets

EG has been the topic of a number of research analyst reports. BMO Capital Markets reduced their price objective on shares of Everest Group from $383.00 to $372.00 and set a "market perform" rating on the stock in a research report on Thursday, November 14th. Jefferies Financial Group cut shares of Everest Group from a "buy" rating to a "hold" rating and boosted their price target for the company from $420.00 to $429.00 in a research report on Tuesday. Wells Fargo & Company lowered their price objective on shares of Everest Group from $406.00 to $402.00 and set an "equal weight" rating for the company in a report on Tuesday, November 5th. TD Cowen decreased their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday, November 18th. Finally, UBS Group upgraded 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 issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus 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.