570 Shares in Everest Group, Ltd. (NYSE:EG) Purchased by R Squared Ltd

R Squared Ltd bought a new stake in Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 570 shares of the company’s stock, valued at approximately $207,000.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Everest Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company’s stock worth $453,818,000 after purchasing an additional 16,180 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Everest Group by 6.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company’s stock valued at $192,267,000 after purchasing an additional 30,458 shares in the last quarter. Mizuho Securities USA LLC lifted its position in Everest Group by 12,263.1% during the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after purchasing an additional 412,040 shares during the period. FMR LLC increased its holdings in Everest Group by 21.5% in the 3rd quarter. FMR LLC now owns 410,861 shares of the company’s stock valued at $160,988,000 after buying an additional 72,822 shares during the period. Finally, Assetmark Inc. increased its stake in Everest Group by 39.7% in the third quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock valued at $160,646,000 after acquiring an additional 116,559 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EG shares. Bank of America cut 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. Barclays reduced their price objective on Everest Group from $499.00 to $461.00 and set an “overweight” rating on the stock in a research note on Tuesday. TD Cowen dropped 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. Wells Fargo & Company reduced their price target on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, BMO Capital Markets upgraded shares of Everest Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $372.00 to $453.00 in a research report on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $431.22.

Everest Group Stock Down 1.3 %

NYSE:EG opened at $368.24 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $407.30. The firm’s 50 day simple moving average is $367.33 and its 200 day simple moving average is $376.04. The company has a market cap of $15.83 billion, a PE ratio of 5.76, a P/E/G ratio of 2.47 and a beta of 0.65.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a $2.00 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.17%. Everest Group’s dividend payout ratio is 12.52%.

Insider Activity at Everest Group

In related news, Director William F. Galtney, Jr. bought 2,870 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The shares were acquired 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 directly owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. The trade was a 9.58 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the sale, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at $4,434,756.48. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

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.