Intech Investment Management LLC Acquires 3,166 Shares of Everest Group, Ltd. (NYSE:EG)

Intech Investment Management LLC increased its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 13.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,324 shares of the company's stock after acquiring an additional 3,166 shares during the period. Intech Investment Management LLC owned approximately 0.06% of Everest Group worth $10,706,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC boosted its stake in Everest Group by 284.8% during the third quarter. SG Americas Securities LLC now owns 24,556 shares of the company's stock worth $9,622,000 after acquiring an additional 18,175 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Everest Group in the second quarter worth about $921,000. Mutual of America Capital Management LLC raised its holdings in Everest Group by 17.0% in the third quarter. Mutual of America Capital Management LLC now owns 19,962 shares of the company's stock worth $7,822,000 after buying an additional 2,900 shares during the last quarter. Blue Trust Inc. raised its holdings in Everest Group by 92.9% in the second quarter. Blue Trust Inc. now owns 162 shares of the company's stock worth $64,000 after buying an additional 78 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in Everest Group by 29.6% in the third quarter. Raymond James & Associates now owns 31,966 shares of the company's stock worth $12,525,000 after buying an additional 7,306 shares during the last quarter. Institutional investors own 92.64% of the company's stock.

Insider Buying and Selling

In related news, Director William F. Galtney, Jr. bought 2,870 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director now owns 32,822 shares in the company, valued at $11,443,062.08. The trade was a 9.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the company's 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 transaction, the executive vice president now owns 12,726 shares of the company's stock, valued at approximately $4,434,756.48. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Everest Group Price Performance

Shares of EG traded up $3.85 during mid-day trading on Friday, reaching $389.00. The stock had a trading volume of 496,889 shares, compared to its average volume of 349,953. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 2.72 and a beta of 0.63. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $417.92. The business has a fifty day moving average of $380.64 and a 200 day moving average of $380.71. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given 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 2.06%. Everest Group's payout ratio is currently 12.52%.

Analyst Ratings Changes

EG has been the subject of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of Everest Group from $440.00 to $457.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. UBS Group raised shares of Everest Group to a "hold" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods decreased their price objective on shares of Everest Group from $454.00 to $438.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. TD Cowen decreased their price objective on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a report on Monday. Finally, Bank of America decreased their price objective 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $434.10.

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.