Pathstone Holdings LLC Has $17.59 Million Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Pathstone Holdings LLC boosted its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 5.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,878 shares of the company's stock after buying an additional 2,423 shares during the period. Pathstone Holdings LLC owned approximately 0.10% of Everest Group worth $17,585,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EG. TrinityPoint Wealth LLC purchased a new position in shares of Everest Group in the third quarter worth about $345,000. Thrivent Financial for Lutherans grew its holdings in Everest Group by 27.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,559 shares of the company's stock valued at $11,582,000 after buying an additional 6,430 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Everest Group by 17.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 19,962 shares of the company's stock worth $7,822,000 after acquiring an additional 2,900 shares during the last quarter. Mizuho Securities USA LLC raised its stake in Everest Group by 12,263.1% in the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company's stock worth $162,766,000 after buying an additional 412,040 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Everest Group by 290.5% during the 3rd quarter. Empowered Funds LLC now owns 9,622 shares of the company's stock valued at $3,770,000 after buying an additional 7,158 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Performance

NYSE:EG traded up $6.43 during mid-day trading on Wednesday, hitting $376.87. The company's stock had a trading volume of 369,580 shares, compared to its average volume of 348,773. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. The business's fifty day moving average is $380.51 and its two-hundred day moving average is $380.68. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 5.90, a PEG ratio of 2.66 and a beta of 0.63. Everest Group, Ltd. has a 1 year low of $343.76 and a 1 year high of $417.92.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.12%. Everest Group's dividend payout ratio is currently 12.52%.

Insider Buying and Selling

In other news, COO James Allan Williamson sold 200 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction of $74,000.00. Following the transaction, the chief operating officer now directly owns 15,009 shares in the company, valued at $5,553,330. This represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mike Karmilowicz sold 269 shares of the business's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of the transaction, the executive vice president now owns 12,726 shares in the company, valued at approximately $4,434,756.48. This trade represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EG shares. UBS Group raised Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Bank of America decreased their price target on Everest Group from $496.00 to $485.00 and set a "buy" rating for the company in a report on Thursday, October 10th. BMO Capital Markets reduced their target price on shares of Everest Group from $383.00 to $372.00 and set a "market perform" rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company lowered their price target on Everest Group from $406.00 to $402.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group raised their price target on Everest Group from $440.00 to $457.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Everest Group has an average rating of "Moderate Buy" and a consensus price target of $436.45.

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.