Northwest & Ethical Investments L.P. Purchases 1,642 Shares of Everest Group, Ltd. (NYSE:EG)

Northwest & Ethical Investments L.P. grew its holdings in Everest Group, Ltd. (NYSE:EG) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,582 shares of the company’s stock after purchasing an additional 1,642 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Everest Group were worth $13,942,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EG. SG Americas Securities LLC grew its holdings in Everest Group by 284.8% during the 3rd quarter. SG Americas Securities LLC now owns 24,556 shares of the company’s stock worth $9,622,000 after acquiring an additional 18,175 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Everest Group during the second quarter worth $921,000. Intech Investment Management LLC increased its holdings in Everest Group by 13.1% in the third quarter. Intech Investment Management LLC now owns 27,324 shares of the company’s stock valued at $10,706,000 after purchasing an additional 3,166 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Everest Group by 17.0% during the third quarter. Mutual of America Capital Management LLC now owns 19,962 shares of the company’s stock worth $7,822,000 after buying an additional 2,900 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Everest Group by 92.9% in the 2nd quarter. Blue Trust Inc. now owns 162 shares of the company’s stock valued at $64,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Activity

In related news, 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 transaction of $93,741.12. Following the transaction, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This trade represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William F. Galtney, Jr. acquired 2,870 shares of the company’s stock in a transaction on 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 completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Everest Group Stock Performance

Shares of Everest Group stock traded up $3.48 during trading on Thursday, hitting $389.00. 330,936 shares of the stock were exchanged, compared to its average volume of 356,248. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $417.04. The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 2.89 and a beta of 0.63. The company has a fifty day moving average price of $380.79 and a 200-day moving average price of $380.90. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.06%. Everest Group’s dividend payout ratio is 12.52%.

Analysts Set New Price Targets

Several research firms recently weighed in on EG. Keefe, Bruyette & Woods reduced their price objective on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Barclays dropped their price objective 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. Bank of America cut 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. TD Cowen lowered their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Finally, Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $420.00 to $429.00 in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Everest Group currently has a consensus rating of “Hold” and a consensus target price of $431.30.

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.