5,297 Shares in Everest Group, Ltd. (NYSE:EG) Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new position in Everest Group, Ltd. (NYSE:EG - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,297 shares of the company's stock, valued at approximately $2,076,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mizuho Securities USA LLC lifted its holdings in shares of Everest Group by 12,263.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company's stock worth $162,766,000 after purchasing an additional 412,040 shares during the last quarter. Boston Partners grew its position in 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. William Blair Investment Management LLC increased its stake 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 purchasing an additional 134,517 shares during the period. Assetmark Inc. increased its position in Everest Group by 39.7% in the 3rd quarter. Assetmark Inc. now owns 409,989 shares of the company's stock valued at $160,646,000 after acquiring an additional 116,559 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 38,254 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the firm's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the transaction, the chief operating officer now owns 15,009 shares in the company, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William F. Galtney, Jr. bought 2,870 shares of Everest Group 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 acquisition, the director now owns 32,822 shares of the company's stock, valued at approximately $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.

Everest Group Trading Down 0.5 %

Everest Group stock traded down $2.11 during mid-day trading on Tuesday, hitting $387.99. The stock had a trading volume of 227,909 shares, compared to its average volume of 355,582. The stock has a 50-day simple moving average of $380.79 and a two-hundred day simple moving average of $380.87. The stock has a market capitalization of $16.68 billion, a PE ratio of 6.05, a P/E/G ratio of 2.88 and a beta of 0.63. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $417.04. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, November 27th. Everest Group's dividend payout ratio is 12.52%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EG shares. TD Cowen cut their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday, November 18th. Bank of America decreased their target price on Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. UBS Group raised Everest Group to a "hold" rating in a research report on Wednesday, October 9th. Wells Fargo & Company cut their price target on Everest Group from $406.00 to $402.00 and set an "equal weight" rating for the company in a report on Tuesday, November 5th. Finally, BMO Capital Markets reduced their target price on Everest Group from $383.00 to $372.00 and set a "market perform" rating for the company in a research report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Everest Group currently has an average rating of "Hold" and a consensus target price of $431.30.

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.