Everest Group, Ltd. (NYSE:EG) Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd grew its position in Everest Group, Ltd. (NYSE:EG) by 36.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,098 shares of the company’s stock after buying an additional 8,658 shares during the period. Mediolanum International Funds Ltd’s holdings in Everest Group were worth $11,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft bought a new stake in shares of Everest Group during the fourth quarter valued at about $202,000. R Squared Ltd bought a new stake in shares of Everest Group during the 4th quarter worth about $207,000. Foundations Investment Advisors LLC lifted its stake in shares of Everest Group by 5.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock worth $239,000 after acquiring an additional 37 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in shares of Everest Group by 4.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 12,388 shares of the company’s stock valued at $4,490,000 after acquiring an additional 580 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Everest Group by 51.4% in the fourth quarter. Pacer Advisors Inc. now owns 5,882 shares of the company’s stock valued at $2,132,000 after acquiring an additional 1,997 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Transactions at Everest Group

In other Everest Group news, Director William F. Galtney, Jr. acquired 2,870 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the acquisition, the director now owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This trade represents a 9.58 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were 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 in the company, valued at approximately $4,434,756.48. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Everest Group Trading Down 1.3 %

Everest Group stock opened at $347.38 on Friday. The company has a 50 day moving average price of $365.34 and a 200 day moving average price of $375.37. 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, Ltd. has a 52 week low of $343.76 and a 52 week high of $407.30. The firm has a market capitalization of $14.93 billion, a price-to-earnings ratio of 5.44, a P/E/G ratio of 2.39 and a beta of 0.65.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.30%. The ex-dividend date was Wednesday, November 27th. Everest Group’s payout ratio is currently 12.52%.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of research analyst reports. UBS Group upgraded Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Bank of America decreased their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets lowered shares of Everest Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $453.00 to $375.00 in a research report on Thursday. Finally, Barclays dropped their target price on shares of Everest Group from $499.00 to $461.00 and set an “overweight” rating on the stock in a report on Tuesday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $422.56.

About Everest Group

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.