Mizuho Securities USA LLC Has $162.77 Million Stake in Everest Group, Ltd. (NYSE:EG)

Mizuho Securities USA LLC grew its holdings in Everest Group, Ltd. (NYSE:EG) by 12,263.1% during the third quarter, Holdings Channel.com reports. The firm owned 415,400 shares of the company’s stock after acquiring an additional 412,040 shares during the period. Everest Group accounts for about 0.4% of Mizuho Securities USA LLC’s portfolio, making the stock its 27th largest position. Mizuho Securities USA LLC’s holdings in Everest Group were worth $162,766,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. American National Bank bought a new stake in Everest Group during the 2nd quarter worth about $27,000. M&R Capital Management Inc. acquired a new stake in shares of Everest Group in the third quarter valued at approximately $29,000. Bruce G. Allen Investments LLC raised its position in Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. Eastern Bank bought a new position in Everest Group in the 3rd quarter worth approximately $35,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Everest Group by 36.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group boosted their target price on Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. BMO Capital Markets dropped their price objective on Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a report on Thursday. Barclays reduced their target price on shares of 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 lowered their price target on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, Wells Fargo & Company cut their price objective on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Everest Group presently has an average rating of “Moderate Buy” and an average price target of $435.18.

Insider Buying and Selling at Everest Group

In other news, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction that occurred 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the purchase, the director now directly owns 32,822 shares in the company, valued at approximately $11,443,062.08. The trade was a 9.58 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Everest Group Stock Up 1.3 %

Shares of NYSE:EG opened at $371.39 on Friday. The company has a 50 day moving average price of $380.99 and a two-hundred day moving average price of $380.52. The company has a market capitalization of $15.96 billion, a PE ratio of 5.81, a PEG ratio of 2.66 and a beta of 0.63. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92. 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 Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.15%. Everest Group’s dividend payout ratio is presently 12.52%.

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.