5,474 Shares in Everest Group, Ltd. (NYSE:EG) Acquired by Weiss Asset Management LP

Weiss Asset Management LP acquired a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,474 shares of the company's stock, valued at approximately $2,145,000.

Several other institutional investors have also modified their holdings of the company. Stifel Financial Corp increased its stake in Everest Group by 3.9% in the third quarter. Stifel Financial Corp now owns 4,347 shares of the company's stock valued at $1,704,000 after purchasing an additional 162 shares during the last quarter. Systematic Financial Management LP boosted its holdings in shares of Everest Group by 10.2% in the 3rd quarter. Systematic Financial Management LP now owns 104,235 shares of the company's stock valued at $40,843,000 after buying an additional 9,667 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Everest Group in the 3rd quarter valued at $959,000. Quantinno Capital Management LP raised its stake in Everest Group by 0.6% during the 3rd quarter. Quantinno Capital Management LP now owns 9,311 shares of the company's stock worth $3,648,000 after acquiring an additional 60 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in Everest Group by 9.9% in the third quarter. Royal London Asset Management Ltd. now owns 38,173 shares of the company's stock valued at $14,957,000 after acquiring an additional 3,423 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Everest Group

In related news, Director William F. Galtney, Jr. acquired 2,870 shares of the stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the purchase, the director now directly owns 32,822 shares of the company's stock, valued at approximately $11,443,062.08. This represents a 9.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction 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 completion of the transaction, the chief operating officer now owns 15,009 shares in the company, valued at $5,553,330. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Everest Group Price Performance

Shares of EG traded down $3.31 during mid-day trading on Friday, reaching $371.40. 257,820 shares of the company's stock were exchanged, compared to its average volume of 442,188. 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 $407.30. The company has a market cap 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 company has a 50-day simple moving average of $379.97 and a two-hundred day simple moving average of $380.75.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 annualized dividend and a dividend yield of 2.15%. Everest Group's dividend payout ratio is currently 12.52%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Jefferies Financial Group cut Everest Group from a "buy" rating to a "hold" rating and boosted their price objective for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. BMO Capital Markets reduced their price target on shares of Everest Group from $383.00 to $372.00 and set a "market perform" rating for the company in a research report on Thursday, November 14th. Wells Fargo & Company lowered their price objective on shares of Everest Group from $402.00 to $390.00 and set an "equal weight" rating on the stock in a research report on Wednesday. TD Cowen reduced their target price 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. Finally, Barclays lowered 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. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $430.10.

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.