Thrivent Financial for Lutherans Acquires 6,430 Shares of Everest Group, Ltd. (NYSE:EG)

Thrivent Financial for Lutherans raised its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 27.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,559 shares of the company's stock after buying an additional 6,430 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Everest Group worth $11,582,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Csenge Advisory Group boosted its stake in shares of Everest Group by 2.2% during the second quarter. Csenge Advisory Group now owns 1,239 shares of the company's stock valued at $472,000 after purchasing an additional 27 shares during the period. Legend Financial Advisors Inc. raised its holdings in Everest Group by 1.6% in the 2nd quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company's stock worth $672,000 after purchasing an additional 27 shares in the last quarter. Wedmont Private Capital lifted its holdings in Everest Group by 4.8% in the third quarter. Wedmont Private Capital now owns 638 shares of the company's stock worth $238,000 after buying an additional 29 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in Everest Group by 36.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company's stock valued at $44,000 after acquiring an additional 31 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its holdings in shares of Everest Group by 4.6% during the 2nd quarter. Banque Cantonale Vaudoise now owns 745 shares of the company's stock worth $284,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group upgraded Everest Group to a "hold" rating in a report on Wednesday, October 9th. TD Cowen lowered their price target on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday. Barclays lowered their price objective on Everest Group from $527.00 to $517.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company reduced their price target on Everest Group from $406.00 to $402.00 and set an "equal weight" rating for the company in a report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Everest Group from $454.00 to $438.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $434.10.

Insider Buying and Selling at Everest Group

In other news, EVP Mike Karmilowicz sold 269 shares of the firm's stock in a transaction dated 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 owns 12,726 shares of the company's stock, valued at $4,434,756.48. This trade represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James Allan Williamson sold 200 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value of $74,000.00. Following the transaction, the chief operating officer now 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. 1.20% of the stock is owned by corporate insiders.

Everest Group Stock Performance

EG stock traded up $3.85 on Friday, hitting $389.00. The company had a trading volume of 496,889 shares, compared to its average volume of 349,953. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 6.09, a P/E/G ratio of 2.72 and a beta of 0.63. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The stock's 50-day simple moving average is $380.64 and its 200 day simple moving average is $380.71. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $417.92.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, November 27th. Everest Group's dividend payout ratio (DPR) is presently 12.52%.

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.