MQS Management LLC Buys Shares of 1,804 Everest Group, Ltd. (NYSE:EG)

MQS Management LLC acquired a new position in Everest Group, Ltd. (NYSE:EG - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,804 shares of the company's stock, valued at approximately $707,000.

Several other large investors have also recently made changes to their positions in EG. Russell Investments Group Ltd. raised its holdings in shares of Everest Group by 28.6% in the 1st quarter. Russell Investments Group Ltd. now owns 72,164 shares of the company's stock valued at $28,679,000 after purchasing an additional 16,055 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Everest Group by 8.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 125,689 shares of the company's stock worth $49,961,000 after acquiring an additional 9,485 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Everest Group by 18.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 51,425 shares of the company's stock worth $20,441,000 after acquiring an additional 7,872 shares during the period. Blair William & Co. IL increased its stake in shares of Everest Group by 5.7% during the first quarter. Blair William & Co. IL now owns 3,762 shares of the company's stock worth $1,496,000 after acquiring an additional 203 shares during the period. Finally, Te Ahumairangi Investment Management Ltd increased its stake in shares of Everest Group by 6.4% during the first quarter. Te Ahumairangi Investment Management Ltd now owns 30,695 shares of the company's stock worth $12,201,000 after acquiring an additional 1,840 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Everest Group

In other news, Director William F. Galtney, Jr. bought 2,870 shares of the firm's stock in a transaction on Monday, November 4th. The stock was bought at an average cost 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 $11,443,062.08. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director William F. Galtney, Jr. purchased 2,870 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the acquisition, the director now owns 32,822 shares in the company, valued at $11,443,062.08. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The shares were 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 approximately $4,434,756.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Everest Group Price Performance

Everest Group stock traded up $1.97 during trading hours on Wednesday, hitting $370.68. 340,971 shares of the company traded hands, compared to its average volume of 349,069. The firm's 50-day simple moving average is $382.14 and its two-hundred day simple moving average is $380.67. The firm has a market cap of $15.93 billion, a P/E ratio of 5.81, a P/E/G ratio of 2.64 and a beta of 0.63. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $417.92.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend yield of 2.16%. Everest Group's dividend payout ratio is currently 12.52%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EG. 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 note on Tuesday, November 5th. UBS Group upgraded shares of Everest Group to a "hold" rating in a research note on Wednesday, October 9th. TD Cowen dropped their price target on shares of Everest Group from $419.00 to $405.00 and set a "hold" rating on the stock in a research note on Tuesday, August 13th. Jefferies Financial Group boosted their price target on shares of Everest Group from $440.00 to $457.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, Barclays dropped their price target on shares of Everest Group from $527.00 to $517.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Everest Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $438.00.

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.