Pathstone Holdings LLC Has $17.59 Million Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Pathstone Holdings LLC raised its holdings in Everest Group, Ltd. (NYSE:EG) by 5.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 44,878 shares of the company’s stock after acquiring an additional 2,423 shares during the period. Pathstone Holdings LLC’s holdings in Everest Group were worth $17,585,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. TrinityPoint Wealth LLC bought a new stake in shares of Everest Group in the third quarter worth $345,000. Thrivent Financial for Lutherans lifted its holdings in Everest Group by 27.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,559 shares of the company’s stock worth $11,582,000 after buying an additional 6,430 shares during the period. Mutual of America Capital Management LLC grew its position in shares of Everest Group by 17.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 19,962 shares of the company’s stock valued at $7,822,000 after buying an additional 2,900 shares during the last quarter. Mizuho Securities USA LLC increased its stake 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 valued at $162,766,000 after buying an additional 412,040 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Everest Group by 290.5% during the third quarter. Empowered Funds LLC now owns 9,622 shares of the company’s stock worth $3,770,000 after acquiring an additional 7,158 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group upped their target price on Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets decreased their price objective on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research report on Thursday, November 14th. Barclays dropped their target price on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Keefe, Bruyette & Woods cut their price target on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Wells Fargo & Company lowered their price objective on 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. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Everest Group currently has an average rating of “Moderate Buy” and an average price target of $436.45.

Everest Group Price Performance

EG stock opened at $370.59 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. The company’s 50-day moving average is $380.51 and its 200-day moving average is $380.71. The stock has a market capitalization of $15.93 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 2.66 and a beta of 0.63. Everest Group, Ltd. has a 1 year low of $343.76 and a 1 year high of $417.92.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.16%. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Insider Activity

In related news, EVP Mike Karmilowicz sold 269 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the transaction, the executive vice president now owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the business’s stock in a transaction 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 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. Corporate insiders own 1.20% of the company’s stock.

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.