Mutual of America Capital Management LLC Has $7.82 Million Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Mutual of America Capital Management LLC lifted its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 17.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,962 shares of the company's stock after purchasing an additional 2,900 shares during the period. Mutual of America Capital Management LLC's holdings in Everest Group were worth $7,822,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EG. Mizuho Securities USA LLC boosted its position 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 lifted its holdings in Everest Group by 29.1% during the first quarter. Boston Partners now owns 1,197,457 shares of the company's stock worth $475,750,000 after acquiring an additional 269,665 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Everest Group by 30.2% during the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company's stock worth $221,057,000 after acquiring an additional 134,517 shares in the last quarter. Assetmark Inc. lifted its holdings in Everest Group by 39.7% during the third quarter. Assetmark Inc. now owns 409,989 shares of the company's stock worth $160,646,000 after acquiring an additional 116,559 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Everest Group by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company's stock worth $203,891,000 after acquiring an additional 38,254 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EG shares. Bank of America reduced 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. TD Cowen reduced their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a report on Monday. Wells Fargo & Company reduced their target price on Everest Group from $406.00 to $402.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 5th. UBS Group raised Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Finally, Barclays dropped their price target on 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 issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $436.45.

Everest Group Stock Performance

Shares of NYSE:EG traded down $2.34 on Tuesday, hitting $370.99. The company had a trading volume of 114,107 shares, compared to its average volume of 347,541. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 5.84, a P/E/G ratio of 2.66 and a beta of 0.63. The stock has a 50 day moving average price of $380.72 and a 200 day moving average price of $380.70. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $417.92. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.16%. Everest Group's dividend payout ratio is currently 12.52%.

Insiders Place Their Bets

In related news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,009 shares of the company's stock, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average cost of $348.64 per share, with a total value 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. The trade was 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.

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.