Investment Management Corp of Ontario Has $560,000 Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Investment Management Corp of Ontario grew its holdings in Everest Group, Ltd. (NYSE:EG) by 9.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,428 shares of the company’s stock after buying an additional 126 shares during the quarter. Investment Management Corp of Ontario’s holdings in Everest Group were worth $560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Holocene Advisors LP bought a new position in Everest Group in the third quarter valued at about $9,267,000. Centiva Capital LP boosted its holdings in Everest Group by 18.6% in the third quarter. Centiva Capital LP now owns 5,651 shares of the company’s stock valued at $2,214,000 after acquiring an additional 887 shares during the last quarter. Ascent Group LLC boosted its holdings in Everest Group by 17.2% in the third quarter. Ascent Group LLC now owns 687 shares of the company’s stock valued at $269,000 after acquiring an additional 101 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Everest Group in the third quarter valued at about $3,006,000. Finally, Erste Asset Management GmbH bought a new position in Everest Group in the third quarter valued at about $435,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on EG. TD Cowen decreased their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Bank of America reduced their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company reduced their target price on Everest Group from $402.00 to $390.00 and set an “equal weight” rating on the stock in a report on Wednesday. Barclays reduced their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, UBS Group upgraded Everest Group to a “hold” rating in a report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $430.10.

Insider Activity

In related news, COO James Allan Williamson sold 200 shares of Everest Group 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 sale, the chief operating officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the executive vice president now directly owns 12,726 shares in the company, valued at approximately $4,434,756.48. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Everest Group Trading Down 0.9 %

NYSE:EG opened at $371.40 on Friday. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $407.30. 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 stock has a market capitalization of $15.96 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64. The business’s 50-day simple moving average is $379.97 and its 200-day simple moving average is $380.75.

Everest Group Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

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.