Pine Valley Investments Ltd Liability Co Invests $2.55 Million in Everest Group, Ltd. (NYSE:EG)

Pine Valley Investments Ltd Liability Co purchased a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,510 shares of the company's stock, valued at approximately $2,551,000.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Everest Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock worth $453,818,000 after buying an additional 16,180 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Everest Group by 1.8% during the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company's stock worth $393,395,000 after acquiring an additional 17,885 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Everest Group by 30.2% during the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company's stock valued at $221,057,000 after acquiring an additional 134,517 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Everest Group by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company's stock valued at $203,891,000 after acquiring an additional 38,254 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Everest Group by 6.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock worth $192,267,000 after purchasing an additional 30,458 shares during the period. Institutional investors own 92.64% of the company's stock.

Everest Group Trading Up 0.7 %

EG stock traded up $2.42 during midday trading on Friday, hitting $365.04. 70,273 shares of the company's stock were exchanged, compared to its average volume of 354,958. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $407.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $15.69 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64. The stock's fifty day moving average price is $377.52 and its 200-day moving average price is $380.03.

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 issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, November 27th. Everest Group's dividend payout ratio (DPR) is presently 12.52%.

Insider Activity at Everest Group

In other news, EVP Mike Karmilowicz sold 269 shares of the firm's 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 of the company's stock, valued at $4,434,756.48. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James Allan Williamson sold 200 shares of the business's stock in a transaction 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 in the company, valued at approximately $5,553,330. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group raised shares of Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Bank of America reduced their price objective on shares of Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a research note on Thursday, October 10th. TD Cowen dropped their target price on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday, November 18th. BMO Capital Markets cut their price target on Everest Group from $383.00 to $372.00 and set a "market perform" rating on the stock in a research note on Thursday, November 14th. Finally, Jefferies Financial Group cut Everest Group from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $430.10.

About Everest Group

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.