19,461 Shares in Everest Group, Ltd. (NYSE:EG) Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,461 shares of the company's stock, valued at approximately $7,625,000.

Other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of Everest Group by 1.8% during the 2nd 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 in the last quarter. William Blair Investment Management LLC boosted its position in shares of Everest Group by 30.2% in the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company's stock valued at $221,057,000 after purchasing an additional 134,517 shares during the period. Dimensional Fund Advisors LP grew its stake in Everest Group by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company's stock worth $203,891,000 after buying an additional 38,254 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Everest Group by 6.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock worth $192,267,000 after buying an additional 30,458 shares during the last quarter. Finally, LSV Asset Management increased its position in Everest Group by 1.9% during the second quarter. LSV Asset Management now owns 476,433 shares of the company's stock worth $181,531,000 after buying an additional 8,654 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group lowered shares of Everest Group from a "buy" rating to a "hold" rating and raised their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. UBS Group upgraded shares of Everest Group to a "hold" rating in a research note on Wednesday, October 9th. BMO Capital Markets dropped their price objective on shares of 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. TD Cowen decreased 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 note on Monday, November 18th. Finally, Wells Fargo & Company dropped their price target on Everest Group from $402.00 to $390.00 and set an "equal weight" rating on the stock in a research report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $430.10.

Insider Activity at Everest Group

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the sale, the executive vice president now owns 12,726 shares in the company, valued at approximately $4,434,756.48. This represents a 2.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $74,000.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Everest Group Price Performance

EG stock traded up $0.02 on Friday, reaching $362.64. 288,939 shares of the company's stock were exchanged, compared to its average volume of 355,884. The stock has a fifty day moving average of $377.52 and a 200-day moving average of $380.03. The firm has a market cap of $15.59 billion, a PE ratio of 5.71, a P/E/G ratio of 2.68 and a beta of 0.64. 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 twelve month low of $343.76 and a twelve month high of $407.30.

Everest Group Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.21%. Everest Group's dividend payout ratio is presently 12.52%.

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.