2,448 Shares in Everest Group, Ltd. (NYSE:EG) Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,448 shares of the company's stock, valued at approximately $959,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EG. Mizuho Securities USA LLC increased 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 valued at $162,766,000 after acquiring an additional 412,040 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Everest Group by 442.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company's stock worth $120,744,000 after acquiring an additional 251,337 shares in the last quarter. William Blair Investment Management LLC boosted its position 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 purchasing an additional 134,517 shares in the last quarter. Assetmark Inc. increased its holdings in Everest Group by 39.7% in the 3rd 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, FMR LLC increased its stake in shares of Everest Group by 21.5% during the third quarter. FMR LLC now owns 410,861 shares of the company's stock worth $160,988,000 after purchasing an additional 72,822 shares in the last quarter. Institutional investors own 92.64% of the company's stock.

Insiders Place Their Bets

In related news, Director William F. Galtney, Jr. purchased 2,870 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the acquisition, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 9.58 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mike Karmilowicz sold 269 shares of the company's 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 sale, the executive vice president now 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 disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Everest Group Stock Down 0.9 %

Shares of EG stock traded down $3.31 on Friday, reaching $371.40. 257,820 shares of the stock were exchanged, compared to its average volume of 442,188. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of 5.81, a PEG ratio of 2.81 and a beta of 0.64. The business's 50 day moving average price is $379.97 and its 200 day moving average price is $380.75. 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, Ltd. has a twelve month low of $343.76 and a twelve month high of $407.30.

Everest Group Dividend Announcement

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 2.15%. The ex-dividend date is Wednesday, November 27th. Everest Group's dividend payout ratio (DPR) is 12.52%.

Analyst Ratings Changes

Several brokerages have issued reports on EG. 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 report on Thursday, October 10th. TD Cowen lowered their price target on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday, November 18th. Barclays cut 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. Finally, BMO Capital Markets lowered their price objective 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. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus 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.