Vista Investment Partners LLC Buys 166 Shares of Everest Group, Ltd. (NYSE:EG)

Vista Investment Partners LLC grew its stake in shares of Everest Group, Ltd. (NYSE:EG) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,985 shares of the company’s stock after buying an additional 166 shares during the period. Vista Investment Partners LLC’s holdings in Everest Group were worth $2,894,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EG. Geode Capital Management LLC increased its holdings in Everest Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company’s stock worth $453,818,000 after acquiring an additional 16,180 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Everest Group by 6.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company’s stock valued at $192,267,000 after purchasing an additional 30,458 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in shares of Everest Group by 12,263.1% in the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after purchasing an additional 412,040 shares during the period. FMR LLC raised its position in shares of Everest Group by 21.5% in the third quarter. FMR LLC now owns 410,861 shares of the company’s stock worth $160,988,000 after buying an additional 72,822 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Everest Group by 39.7% during the third quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock valued at $160,646,000 after buying an additional 116,559 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director William F. Galtney, Jr. purchased 2,870 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average cost of $348.64 per share, with a total value 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. This represents a 9.58 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO James Allan Williamson sold 200 shares of the company’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 value of $74,000.00. Following the transaction, the chief operating officer now owns 15,009 shares in the company, valued at $5,553,330. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Everest Group Stock Up 0.6 %

Shares of Everest Group stock opened at $365.52 on Friday. The company’s 50 day moving average price is $367.39 and its 200-day moving average price is $376.19. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $407.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 5.72, a P/E/G ratio of 2.47 and a beta of 0.65.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s payout ratio is 12.52%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EG shares. Bank of America decreased their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company lowered their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. TD Cowen cut their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Barclays decreased their price target on shares of Everest Group from $517.00 to $499.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $435.44.

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.