Entropy Technologies LP Purchases New Holdings in Everest Group, Ltd. (NYSE:EG)

Entropy Technologies LP purchased a new position in Everest Group, Ltd. (NYSE:EG - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,702 shares of the company's stock, valued at approximately $1,059,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners lifted its holdings in shares of Everest Group by 29.1% in the 1st quarter. Boston Partners now owns 1,197,457 shares of the company's stock worth $475,750,000 after purchasing an additional 269,665 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of 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 purchasing an additional 17,885 shares in the last quarter. Champlain Investment Partners LLC raised its position in shares of Everest Group by 5.3% during the 1st quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company's stock worth $360,175,000 after buying an additional 45,705 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Everest Group by 30.2% in the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company's stock valued at $221,057,000 after acquiring an additional 134,517 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Everest Group by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company's stock valued at $203,891,000 after purchasing an additional 38,254 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Down 1.2 %

Shares of NYSE EG traded down $4.42 during trading hours on Thursday, hitting $366.26. The stock had a trading volume of 350,193 shares, compared to its average volume of 349,073. The company has a market capitalization of $15.74 billion, a P/E ratio of 5.73, a P/E/G ratio of 2.64 and a beta of 0.63. The firm's 50-day moving average price is $381.24 and its two-hundred day moving average price is $380.50. 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, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92.

Everest Group Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.18%. Everest Group's dividend payout ratio is currently 12.52%.

Insider Activity at Everest Group

In other news, EVP Mike Karmilowicz sold 269 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction 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. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William F. Galtney, Jr. acquired 2,870 shares of the stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, the director now owns 32,822 shares of the company's stock, valued at $11,443,062.08. The trade was a 9.58 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EG shares. BMO Capital Markets reduced their price objective on shares of Everest Group from $383.00 to $372.00 and set a "market perform" rating for the company in a research report on Thursday. Wells Fargo & Company reduced their price objective on 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. Jefferies Financial Group upped their target price on Everest Group from $440.00 to $457.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods dropped their price target on Everest Group from $454.00 to $438.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Finally, Bank of America decreased their target price on shares of Everest Group from $496.00 to $485.00 and set a "buy" rating for the company in a report on Thursday, October 10th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Everest Group presently has an average rating of "Moderate Buy" and a consensus target price of $435.18.

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.