Everest Group, Ltd. (NYSE:EG) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 442.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 308,155 shares of the company's stock after purchasing an additional 251,337 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.72% of Everest Group worth $120,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in EG. Csenge Advisory Group raised its stake in Everest Group by 2.2% in the 2nd quarter. Csenge Advisory Group now owns 1,239 shares of the company's stock worth $472,000 after acquiring an additional 27 shares during the last quarter. Legend Financial Advisors Inc. increased its holdings in Everest Group by 1.6% during 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 during the period. Wedmont Private Capital boosted its position in shares of Everest Group by 4.8% during the 3rd quarter. Wedmont Private Capital now owns 638 shares of the company's stock worth $238,000 after acquiring an additional 29 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in 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 buying an additional 31 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of Everest Group by 4.6% in the second quarter. Banque Cantonale Vaudoise now owns 745 shares of the company's stock valued at $284,000 after acquiring an additional 33 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Everest Group

In other Everest Group news, Director William F. Galtney, Jr. bought 2,870 shares of Everest Group stock in a transaction on Monday, November 4th. The shares were acquired at an average price 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 in the company, valued at approximately $11,443,062.08. This trade represents a 9.58 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $93,741.12. Following the completion of the sale, the executive vice president now directly owns 12,726 shares of the company's stock, valued at $4,434,756.48. The trade was 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 Price Performance

Shares of Everest Group stock traded down $3.83 during trading on Monday, hitting $383.73. 378,389 shares of the stock traded hands, compared to its average volume of 355,954. 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 52 week low of $343.76 and a 52 week high of $408.71. The stock has a market cap of $16.49 billion, a price-to-earnings ratio of 6.07, a PEG ratio of 2.87 and a beta of 0.63. The firm's fifty day moving average is $380.80 and its 200-day moving average is $381.11.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 yield of 2.08%. Everest Group's dividend payout ratio (DPR) is 12.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. TD Cowen decreased their target price on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research report on Monday, November 18th. Bank of America dropped 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 dropped their price objective on shares of Everest Group from $454.00 to $438.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. UBS Group raised Everest Group to a "hold" rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets cut their target price on shares of Everest Group from $383.00 to $372.00 and set a "market perform" rating on the stock in a report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $431.30.

Everest Group Company 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.