Robeco Institutional Asset Management B.V. Has $34.62 Million Stock Position in Everest Group, Ltd. (NYSE:EG)

Robeco Institutional Asset Management B.V. lowered its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,350 shares of the company's stock after selling 4,218 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.21% of Everest Group worth $34,618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EG. American National Bank acquired a new position in Everest Group in the 2nd quarter worth about $27,000. M&R Capital Management Inc. bought a new position in Everest Group during the third quarter valued at approximately $29,000. Bruce G. Allen Investments LLC lifted its stake in Everest Group by 200.0% in the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company's stock valued at $31,000 after acquiring an additional 52 shares during the last quarter. Eastern Bank bought a new stake in Everest Group in the third quarter worth approximately $35,000. Finally, Massmutual Trust Co. FSB ADV increased its stake 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 purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Insiders Place Their Bets

In other 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 cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the purchase, the director now directly owns 32,822 shares of the company's stock, valued at approximately $11,443,062.08. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Everest Group news, Director William F. Galtney, Jr. purchased 2,870 shares of the stock in a transaction 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 acquisition, 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 filing with the SEC, which is accessible through this link. Also, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction 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 owns 12,726 shares of the company's stock, valued at approximately $4,434,756.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EG shares. Jefferies Financial Group lifted their price objective on shares of Everest Group from $440.00 to $457.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $403.00 price target on shares of Everest Group in a research report on Friday, August 30th. Bank of America lowered their price objective on Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. Keefe, Bruyette & Woods reduced their target price on Everest Group from $454.00 to $438.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Finally, UBS Group raised Everest Group to a "hold" rating in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $438.00.

Everest Group Stock Performance

Shares of Everest Group stock traded up $11.99 during midday trading on Wednesday, hitting $366.60. The company had a trading volume of 414,636 shares, compared to its average volume of 347,248. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $417.92. The business's 50 day simple moving average is $384.59 and its two-hundred day simple moving average is $380.69. The stock has a market cap of $15.79 billion, a PE ratio of 5.74, a P/E/G ratio of 2.46 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.38 and a quick ratio of 0.38.

Everest Group 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.