Bridgewater Associates LP Has $10.70 Million Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Bridgewater Associates LP increased its position in Everest Group, Ltd. (NYSE:EG) by 16.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,297 shares of the company’s stock after buying an additional 3,834 shares during the quarter. Bridgewater Associates LP owned 0.06% of Everest Group worth $10,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in EG. American National Bank acquired a new stake in shares of Everest Group in the second quarter valued at about $27,000. M&R Capital Management Inc. bought a new stake in Everest Group in the third quarter valued at approximately $29,000. Bruce G. Allen Investments LLC increased its position in Everest Group by 200.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after purchasing an additional 52 shares during the period. Eastern Bank bought a new position in Everest Group during the 3rd quarter worth approximately $35,000. Finally, Brooklyn Investment Group acquired a new position in shares of Everest Group in the 3rd quarter worth approximately $39,000. Institutional investors own 92.64% of the company’s stock.

Everest Group Trading Up 0.9 %

Shares of Everest Group stock opened at $389.00 on Friday. 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. The stock has a 50 day moving average price of $380.79 and a two-hundred day moving average price of $380.95. The stock has a market capitalization of $16.72 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 2.88 and a beta of 0.63.

Everest Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EG. Wells Fargo & Company decreased their price objective on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. Bank of America lowered their price objective on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. UBS Group upgraded Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $420.00 to $429.00 in a research note on Tuesday. Finally, Keefe, Bruyette & Woods dropped their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $431.30.

Insider Buying and Selling at Everest Group

In related news, Director William F. Galtney, Jr. bought 2,870 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO James Allan Williamson sold 200 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the sale, the chief operating officer now owns 15,009 shares of the company’s stock, valued at $5,553,330. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

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.