OneDigital Investment Advisors LLC Has $4.98 Million Stock Position in Everest Group, Ltd. (NYSE:EG)

OneDigital Investment Advisors LLC increased its position in shares of Everest Group, Ltd. (NYSE:EG) by 4.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 12,708 shares of the company’s stock after purchasing an additional 574 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Everest Group were worth $4,979,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Everest Group by 18.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 51,425 shares of the company’s stock valued at $20,441,000 after buying an additional 7,872 shares during the period. Blair William & Co. IL lifted its stake in shares of Everest Group by 5.7% in the 1st quarter. Blair William & Co. IL now owns 3,762 shares of the company’s stock valued at $1,496,000 after purchasing an additional 203 shares during the period. Edgestream Partners L.P. boosted its position in shares of Everest Group by 69.8% in the 1st quarter. Edgestream Partners L.P. now owns 10,437 shares of the company’s stock worth $4,149,000 after purchasing an additional 4,292 shares during the last quarter. Champlain Investment Partners LLC grew its stake in shares of Everest Group by 5.3% during the first quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock worth $360,175,000 after purchasing an additional 45,705 shares during the period. Finally, Seven Eight Capital LP bought a new stake in Everest Group in the first quarter valued at about $869,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 1.3 %

EG opened at $371.39 on Friday. The stock has a market capitalization of $15.96 billion, a P/E ratio of 5.81, a P/E/G ratio of 2.66 and a beta of 0.63. 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, Ltd. has a 12 month low of $343.76 and a 12 month high of $417.92. The firm’s fifty day simple moving average is $380.99 and its 200 day simple moving average is $380.52.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.00 per share. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.15%. Everest Group’s dividend payout ratio is currently 12.52%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EG. Keefe, Bruyette & Woods reduced their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Bank of America reduced their price objective on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. BMO Capital Markets lowered their target price on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research note on Thursday. TD Cowen reduced their price target on shares of Everest Group from $419.00 to $405.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Finally, Jefferies Financial Group upped their price objective on shares of Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $435.18.

Insider Buying and Selling

In other news, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the sale, the executive vice president now owns 12,726 shares of the company’s stock, valued at $4,434,756.48. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William F. Galtney, Jr. bought 2,870 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the transaction, the director now owns 32,822 shares of the company’s stock, valued at $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 owned by corporate insiders.

Everest Group Company 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.