Lifeworks Advisors LLC Purchases 11,634 Shares of Everest Group, Ltd. (NYSE:EG)

Lifeworks Advisors LLC lifted its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 1,843.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,265 shares of the company's stock after buying an additional 11,634 shares during the period. Lifeworks Advisors LLC's holdings in Everest Group were worth $4,806,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Csenge Advisory Group grew its stake in Everest Group by 2.2% during the second quarter. Csenge Advisory Group now owns 1,239 shares of the company's stock worth $472,000 after buying an additional 27 shares during the last quarter. Legend Financial Advisors Inc. boosted its stake in Everest Group by 1.6% in the second quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company's stock worth $672,000 after purchasing an additional 27 shares in the last quarter. Wedmont Private Capital increased its stake in shares of Everest Group by 4.8% in the third 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 increased its position in 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 acquiring an additional 31 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its position in shares of Everest Group by 4.6% during the second quarter. Banque Cantonale Vaudoise now owns 745 shares of the company's stock worth $284,000 after purchasing an additional 33 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director William F. Galtney, Jr. acquired 2,870 shares of Everest Group stock in a transaction dated Monday, November 4th. The stock was 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. The trade was a 9.58 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the executive vice president now owns 12,726 shares of the company's stock, valued at $4,434,756.48. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EG has been the topic of a number of recent research reports. Jefferies Financial Group increased their price objective on Everest Group from $440.00 to $457.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. BMO Capital Markets cut their price objective on shares of Everest Group from $383.00 to $372.00 and set a "market perform" rating on the stock in a report on Thursday. TD Cowen dropped their target price on shares of Everest Group from $419.00 to $405.00 and set a "hold" rating for the company in a research report on Tuesday, August 13th. Barclays decreased their price objective on Everest Group from $527.00 to $517.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Finally, Bank of America decreased their target price on Everest Group from $496.00 to $485.00 and set a "buy" rating for the company in a research report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $435.18.

Everest Group Stock Down 1.2 %

EG stock traded down $4.42 during mid-day trading on Thursday, reaching $366.26. The company had a trading volume of 350,193 shares, compared to its average volume of 349,073. The company has a market capitalization of $15.74 billion, a price-to-earnings ratio of 5.73, a PEG ratio of 2.64 and a beta of 0.63. 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, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92. The stock has a 50 day simple moving average of $381.24 and a two-hundred day simple moving average of $380.50.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.18%. Everest Group's dividend payout ratio (DPR) is currently 12.52%.

Everest Group Company 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.