Everest Group, Ltd. (NYSE:EG) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 9.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,173 shares of the company's stock after acquiring an additional 3,423 shares during the period. Royal London Asset Management Ltd. owned 0.09% of Everest Group worth $14,957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in shares of Everest Group by 1.8% in the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company's stock valued at $393,395,000 after acquiring an additional 17,885 shares during the period. William Blair Investment Management LLC raised its position in Everest Group by 30.2% in the 2nd 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 during the period. Dimensional Fund Advisors LP lifted its stake in Everest Group by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company's stock worth $203,891,000 after purchasing an additional 38,254 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Everest Group by 6.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock valued at $192,267,000 after buying an additional 30,458 shares during the period. Finally, LSV Asset Management boosted its position in shares of Everest Group by 1.9% during the second quarter. LSV Asset Management now owns 476,433 shares of the company's stock valued at $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

Several equities research analysts have recently weighed in on EG shares. Barclays reduced their price target on Everest Group from $527.00 to $517.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Bank of America reduced their target price on Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a research note on Thursday, October 10th. BMO Capital Markets lowered their target price 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. Wells Fargo & Company reduced their price target on shares of Everest Group from $402.00 to $390.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, TD Cowen decreased their price objective on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a report on Monday, November 18th. Six 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.com, the stock has a consensus rating of "Hold" and an average target price of $430.10.

Everest Group Stock Down 0.9 %

NYSE EG traded down $3.31 during trading on Friday, reaching $371.40. 257,820 shares of the company's stock traded hands, compared to its average volume of 442,188. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. The company's 50 day simple moving average is $379.97 and its two-hundred day simple moving average is $380.62. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 5.81, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $407.30.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.15%. Everest Group's dividend payout ratio is currently 12.52%.

Insider Buying and Selling

In other news, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of the sale, the executive vice president now owns 12,726 shares of the company's stock, valued at $4,434,756.48. This represents a 2.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO James Allan Williamson sold 200 shares of the stock in a transaction that occurred 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 owns 15,009 shares of the company's stock, valued at $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

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.