Empowered Funds LLC Boosts Stock Position in Everest Group, Ltd. (NYSE:EG)

Empowered Funds LLC grew its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 290.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,622 shares of the company's stock after buying an additional 7,158 shares during the quarter. Empowered Funds LLC's holdings in Everest Group were worth $3,770,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in EG. Boston Partners raised its position in Everest Group by 29.1% in the first quarter. Boston Partners now owns 1,197,457 shares of the company's stock worth $475,750,000 after acquiring an additional 269,665 shares in the last quarter. William Blair Investment Management LLC boosted 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 worth $221,057,000 after buying an additional 134,517 shares in the last quarter. Assetmark Inc. boosted its holdings in Everest Group by 39.7% during the third quarter. Assetmark Inc. now owns 409,989 shares of the company's stock worth $160,646,000 after buying an additional 116,559 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Everest Group by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company's stock worth $203,891,000 after buying an additional 38,254 shares during the period. Finally, Swedbank AB purchased a new position in Everest Group in the first quarter valued at about $15,074,000. Institutional investors and hedge funds own 92.64% of the company's stock.

Insider Transactions at Everest Group

In other news, COO James Allan Williamson sold 200 shares of the firm's stock in a transaction on 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 owns 15,009 shares of the company's stock, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mike Karmilowicz sold 269 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of the transaction, the executive vice president now directly owns 12,726 shares in the company, valued at $4,434,756.48. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Everest Group Trading Down 0.7 %

Shares of EG stock traded down $2.74 during mid-day trading on Tuesday, hitting $370.59. 320,192 shares of the company's stock were exchanged, compared to its average volume of 348,461. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of 5.80, a PEG ratio of 2.66 and a beta of 0.63. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $417.92. The stock has a 50-day simple moving average of $380.51 and a two-hundred day simple moving average of $380.71.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Wednesday, November 27th. Everest Group's dividend payout ratio is currently 12.52%.

Analyst Ratings Changes

EG has been the topic of a number of research reports. Keefe, Bruyette & Woods lowered their price target on Everest Group from $454.00 to $438.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. TD Cowen lowered their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a report on Monday. Jefferies Financial Group lifted their price target on Everest Group from $440.00 to $457.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Barclays dropped their target price on shares of Everest Group from $527.00 to $517.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Finally, Wells Fargo & Company lowered their price target on shares of 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. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Everest Group currently has a consensus rating of "Moderate Buy" and an average price target of $436.45.

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.