BNP Paribas Financial Markets Has $44.95 Million Stake in Everest Group, Ltd. (NYSE:EG)

BNP Paribas Financial Markets grew its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 151.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,712 shares of the company’s stock after purchasing an additional 69,166 shares during the period. BNP Paribas Financial Markets owned about 0.27% of Everest Group worth $44,948,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EG. AQR Capital Management LLC raised its stake in Everest Group by 1.8% in the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company’s stock valued at $393,395,000 after purchasing an additional 17,885 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Everest Group by 30.2% during the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock worth $221,057,000 after acquiring an additional 134,517 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Everest Group by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock worth $203,891,000 after acquiring an additional 38,254 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Everest Group by 6.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company’s stock worth $192,267,000 after acquiring an additional 30,458 shares in the last quarter. Finally, LSV Asset Management raised its position in Everest Group by 1.9% during the second quarter. LSV Asset Management now owns 476,433 shares of the company’s stock valued at $181,531,000 after purchasing an additional 8,654 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director William F. Galtney, Jr. acquired 2,870 shares of Everest Group stock in a transaction dated Monday, November 4th. The shares were 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 owns 32,822 shares in the company, valued at $11,443,062.08. This trade represents a 9.58 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction on Monday, November 4th. The stock was 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 $4,434,756.48. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Everest Group Price Performance

EG stock opened at $389.00 on Friday. The company has a market capitalization of $16.72 billion, a P/E ratio of 6.09, a PEG 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 $380.95. 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 $417.04.

Everest Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America reduced their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company decreased their target price on Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. 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. BMO Capital Markets decreased their price target on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Six investment 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 a consensus rating of “Hold” and an average price target of $431.30.

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.