National Pension Service Acquires 20,040 Shares of Everest Group, Ltd. (NYSE:EG)

National Pension Service raised its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 24.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,315 shares of the company's stock after acquiring an additional 20,040 shares during the quarter. National Pension Service owned approximately 0.24% of Everest Group worth $40,482,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Csenge Advisory Group boosted its position in Everest Group by 2.2% during the second quarter. Csenge Advisory Group now owns 1,239 shares of the company's stock valued at $472,000 after purchasing an additional 27 shares during the last quarter. Legend Financial Advisors Inc. lifted its holdings in shares of Everest Group by 1.6% during the 2nd quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company's stock valued at $672,000 after buying an additional 27 shares during the last quarter. Wedmont Private Capital grew its stake in shares of Everest Group by 4.8% in the 3rd quarter. Wedmont Private Capital now owns 638 shares of the company's stock valued at $238,000 after buying an additional 29 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company's stock valued at $44,000 after buying an additional 31 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in Everest Group by 4.6% in the second quarter. Banque Cantonale Vaudoise now owns 745 shares of the company's stock worth $284,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Insider Activity

In other Everest Group news, Director William F. Galtney, Jr. purchased 2,870 shares of the firm's stock in a transaction on Monday, November 4th. The shares were purchased at an average price of $348.64 per share, for a total transaction 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 represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William F. Galtney, Jr. bought 2,870 shares of Everest Group stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on EG shares. Morgan Stanley decreased their target price on shares of Everest Group from $450.00 to $445.00 and set an "overweight" rating for the company in a research report on Wednesday, July 10th. UBS Group upgraded Everest Group to a "hold" rating in a report on Wednesday, October 9th. Bank of America decreased their price target on Everest Group from $496.00 to $485.00 and set a "buy" rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company dropped 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. Finally, TD Cowen decreased their price objective on shares of Everest Group from $419.00 to $405.00 and set a "hold" rating for the company in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $438.00.

Everest Group Stock Performance

EG traded down $4.70 on Thursday, hitting $361.90. 463,898 shares of the stock traded hands, compared to its average volume of 347,788. The business has a fifty day moving average price of $384.13 and a two-hundred day moving average price of $380.59. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92. The firm has a market capitalization of $15.58 billion, a PE ratio of 5.74, a P/E/G ratio of 2.46 and a beta of 0.63.

Everest Group 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.