Vinva Investment Management Ltd Invests $4.29 Million in Everest Group, Ltd. (NYSE:EG)

Vinva Investment Management Ltd bought a new position in shares of Everest Group, Ltd. (NYSE:EG) in the third quarter, HoldingsChannel reports. The firm bought 10,866 shares of the company’s stock, valued at approximately $4,294,000.

A number of other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in Everest Group by 284.8% in the third quarter. SG Americas Securities LLC now owns 24,556 shares of the company’s stock worth $9,622,000 after buying an additional 18,175 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Everest Group in the second quarter worth about $921,000. Intech Investment Management LLC raised its stake in Everest Group by 13.1% in the third quarter. Intech Investment Management LLC now owns 27,324 shares of the company’s stock worth $10,706,000 after buying an additional 3,166 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Everest Group by 17.0% in the third quarter. Mutual of America Capital Management LLC now owns 19,962 shares of the company’s stock worth $7,822,000 after buying an additional 2,900 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Everest Group by 92.9% in the second quarter. Blue Trust Inc. now owns 162 shares of the company’s stock worth $64,000 after buying an additional 78 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director William F. Galtney, Jr. bought 2,870 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the acquisition, the director now owns 32,822 shares of the company’s stock, valued at $11,443,062.08. This trade represents a 9.58 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO James Allan Williamson sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the sale, the chief operating officer now owns 15,009 shares in the company, valued at $5,553,330. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Everest Group Trading Up 0.9 %

NYSE:EG opened at $389.00 on Friday. The company’s 50 day moving average price is $380.79 and its 200-day moving average price is $380.95. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.04. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 2.88 and a beta of 0.63.

Everest Group Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EG shares. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $420.00 to $429.00 in a research note on Tuesday. Wells Fargo & Company decreased their target price on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. UBS Group raised shares of Everest Group to a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets decreased 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, November 14th. Finally, Barclays decreased their target price on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $431.30.

About Everest Group

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.