Everest Group, Ltd. (NYSE:EG) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,892 shares of the company's stock after acquiring an additional 2,818 shares during the period. Principal Financial Group Inc. owned approximately 0.13% of Everest Group worth $21,117,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. American National Bank purchased a new position in shares of Everest Group during the 2nd quarter worth $27,000. M&R Capital Management Inc. purchased a new position in Everest Group during the third quarter worth about $29,000. Bruce G. Allen Investments LLC boosted its holdings in Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company's stock valued at $31,000 after purchasing an additional 52 shares during the last quarter. Eastern Bank purchased a new stake in shares of Everest Group in the 3rd quarter valued at approximately $35,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Everest Group by 36.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company's stock worth $44,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EG shares. TD Cowen cut their price objective on 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 reduced 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. Wells Fargo & Company lowered their price objective on shares of Everest Group from $406.00 to $402.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 5th. Jefferies Financial Group boosted their target price on Everest Group from $440.00 to $457.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Finally, Bank of America lowered their price target 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 analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $435.18.

Everest Group Stock Down 0.8 %

Shares of NYSE:EG traded down $2.96 on Thursday, hitting $367.72. 156,828 shares of the company's stock were exchanged, compared to its average volume of 348,199. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $417.92. The company has a market capitalization of $15.80 billion, a PE ratio of 5.80, a P/E/G ratio of 2.64 and a beta of 0.63. 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 firm's 50-day moving average is $381.70 and its 200 day moving average is $380.60.

Everest Group Announces Dividend

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

Insider Buying and Selling at Everest Group

In related news, Director William F. Galtney, Jr. purchased 2,870 shares of the business's stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, the director now directly owns 32,822 shares of the company's stock, valued at $11,443,062.08. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, 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 price of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, the director now directly owns 32,822 shares of the company's stock, valued at $11,443,062.08. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the transaction, the executive vice president now directly owns 12,726 shares in the company, valued at approximately $4,434,756.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

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.