3,598 Shares in Everest Group, Ltd. (NYSE:EG) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,598 shares of the company's stock, valued at approximately $1,410,000.

A number of other institutional investors also recently bought and sold shares of EG. Cetera Investment Advisers raised its stake in shares of Everest Group by 39.3% in the first quarter. Cetera Investment Advisers now owns 4,879 shares of the company's stock worth $1,940,000 after buying an additional 1,377 shares during the period. Cetera Advisors LLC bought a new stake in Everest Group during the 1st quarter valued at approximately $340,000. Envestnet Portfolio Solutions Inc. raised its stake in Everest Group by 15.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 754 shares of the company's stock valued at $287,000 after purchasing an additional 103 shares during the period. Wedge Capital Management L L P NC raised its stake in Everest Group by 1.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 8,053 shares of the company's stock valued at $3,068,000 after purchasing an additional 121 shares during the period. Finally, Blue Trust Inc. raised its stake in Everest Group by 92.9% during the 2nd quarter. Blue Trust Inc. now owns 162 shares of the company's stock valued at $64,000 after purchasing an additional 78 shares during the period. Institutional investors own 92.64% of the company's stock.

Everest Group Price Performance

Shares of EG traded down $0.27 during mid-day trading on Wednesday, hitting $362.18. 328,218 shares of the stock were exchanged, compared to its average volume of 356,405. The firm has a 50-day moving average of $378.14 and a two-hundred day moving average of $380.15. 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 $15.57 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued 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 yield of 2.21%. Everest Group's payout ratio is presently 12.52%.

Analyst Ratings Changes

Several brokerages recently issued reports on EG. Barclays decreased their target price on Everest Group from $527.00 to $517.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company decreased their target price on Everest Group from $402.00 to $390.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 4th. BMO Capital Markets decreased their target price on Everest Group from $383.00 to $372.00 and set a "market perform" rating on the stock in a research note on Thursday, November 14th. UBS Group raised Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Finally, Bank of America decreased 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. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $430.10.

Insider Activity at Everest Group

In other news, COO James Allan Williamson sold 200 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction 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 represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 32,822 shares in the company, valued at approximately $11,443,062.08. This represents a 9.58 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

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.