World Investment Advisors LLC Acquires New Position in Everest Group, Ltd. (NYSE:EG)

World Investment Advisors LLC bought a new position in shares of Everest Group, Ltd. (NYSE:EG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 892 shares of the company’s stock, valued at approximately $350,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. American National Bank acquired a new stake in shares of Everest Group in the 2nd quarter valued at approximately $27,000. M&R Capital Management Inc. acquired a new stake in Everest Group in the third quarter worth $29,000. Bruce G. Allen Investments LLC boosted its position in shares of Everest Group by 200.0% during the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after purchasing an additional 52 shares in the last quarter. Eastern Bank acquired a new position in shares of Everest Group in the 3rd quarter valued at $35,000. Finally, Brooklyn Investment Group bought a new stake in shares of Everest Group in the 3rd quarter valued at $39,000. Institutional investors own 92.64% of the company’s stock.

Insider Activity

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the 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 completion of the sale, the executive vice president now owns 12,726 shares in the company, valued at $4,434,756.48. This trade represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the transaction, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at approximately $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 owned by corporate insiders.

Everest Group Stock Performance

Shares of EG opened at $348.33 on Thursday. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 5.45, a PEG ratio of 2.69 and a beta of 0.64. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $407.30. The firm has a fifty day simple moving average of $375.96 and a 200 day simple moving average of $379.27. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s payout ratio is 12.52%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. BMO Capital Markets reduced their target price on Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a report on Thursday, November 14th. UBS Group upgraded Everest Group to a “hold” rating in a research report on Wednesday, October 9th. TD Cowen dropped their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Wells Fargo & Company reduced their price target on shares of Everest Group from $402.00 to $390.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Finally, Barclays lowered their price objective on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Everest Group has an average rating of “Hold” and a consensus price target of $430.00.

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.