Everest Group, Ltd. (NYSE:EG) Stock Holdings Increased by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd boosted its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 13.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,095 shares of the company's stock after purchasing an additional 4,255 shares during the quarter. Everest Group comprises 2.5% of Te Ahumairangi Investment Management Ltd's portfolio, making the stock its 5th largest position. Te Ahumairangi Investment Management Ltd owned approximately 0.08% of Everest Group worth $14,063,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Everest Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock valued at $453,818,000 after purchasing an additional 16,180 shares in the last quarter. AQR Capital Management LLC lifted its position in Everest Group by 1.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company's stock valued at $393,395,000 after acquiring an additional 17,885 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Everest Group by 30.2% during the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company's stock valued at $221,057,000 after purchasing an additional 134,517 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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 last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Everest Group by 6.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock worth $192,267,000 after acquiring an additional 30,458 shares during the period. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Mike Karmilowicz sold 269 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the transaction, the executive vice president now owns 12,726 shares of the company's stock, valued at approximately $4,434,756.48. The trade was a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $74,000.00. Following the transaction, the chief operating officer now directly owns 15,009 shares of the company's stock, valued at $5,553,330. The trade was a 1.32 % 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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EG shares. UBS Group upgraded shares of Everest Group to a "hold" rating in a report on Wednesday, October 9th. BMO Capital Markets cut their price objective on Everest Group from $383.00 to $372.00 and set a "market perform" rating for the company in a report on Thursday, November 14th. Jefferies Financial Group downgraded Everest Group from a "buy" rating to a "hold" rating and increased their target price for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. TD Cowen cut their price target on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research note on Monday, November 18th. Finally, Barclays lowered their price objective on shares of Everest Group from $527.00 to $517.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Everest Group presently has an average rating of "Hold" and an average price target of $430.10.

Everest Group Stock Performance

Shares of NYSE:EG traded up $0.27 during mid-day trading on Thursday, reaching $362.62. 295,134 shares of the company traded hands, compared to its average volume of 356,150. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $407.30. The firm has a market cap of $15.59 billion, a PE ratio of 5.67, a PEG ratio of 2.75 and a beta of 0.64. The company's 50 day moving average price is $378.14 and its 200-day moving average price is $380.15. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group Announces Dividend

The company 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 $2.00 dividend. 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 2.21%. Everest Group's dividend payout ratio (DPR) is presently 12.52%.

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.