Geode Capital Management LLC Purchases 16,180 Shares of Everest Group, Ltd. (NYSE:EG)

Geode Capital Management LLC boosted its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,155,760 shares of the company's stock after buying an additional 16,180 shares during the period. Geode Capital Management LLC owned approximately 2.69% of Everest Group worth $453,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. American National Bank acquired a new position in shares of Everest Group in the second quarter worth $27,000. M&R Capital Management Inc. purchased a new position in Everest Group in the third quarter valued at about $29,000. Bruce G. Allen Investments LLC increased its position in 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 purchasing an additional 52 shares during the last quarter. Eastern Bank purchased a new stake in shares of Everest Group during the 3rd quarter worth about $35,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Everest Group during the 3rd quarter valued at about $39,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EG has been the subject of several recent analyst reports. TD Cowen decreased 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. Jefferies Financial Group cut Everest Group from a "buy" rating to a "hold" rating and upped their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. UBS Group raised shares of Everest Group to a "hold" rating in a research report on Wednesday, October 9th. Wells Fargo & Company reduced their price objective on shares of Everest Group from $402.00 to $390.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 4th. Finally, Bank of America lowered their target price on shares of Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a research note on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Everest Group has a consensus rating of "Hold" and a consensus target price of $430.10.

Everest Group Trading Up 0.0 %

Shares of NYSE:EG traded up $0.02 during midday trading on Friday, hitting $362.64. The company had a trading volume of 288,939 shares, compared to its average volume of 355,884. The firm has a fifty day simple moving average of $376.63 and a 200 day simple moving average of $379.82. The stock has a market cap of $15.59 billion, a price-to-earnings ratio of 5.68, a PEG ratio of 2.68 and a beta of 0.64. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $407.30.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.21%. The ex-dividend date is Wednesday, November 27th. Everest Group's payout ratio is presently 12.52%.

Insiders Place Their Bets

In related news, COO James Allan Williamson sold 200 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the transaction, the chief operating officer now directly owns 15,009 shares in the company, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William F. Galtney, Jr. bought 2,870 shares of the company's stock in a transaction on Monday, November 4th. The shares were bought at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the acquisition, the director now directly owns 32,822 shares in the company, valued at approximately $11,443,062.08. This trade represents a 9.58 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company's stock.

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.