Assetmark Inc. Has $160.65 Million Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Assetmark Inc. grew its stake in shares of Everest Group, Ltd. (NYSE:EG) by 39.7% in the third quarter, HoldingsChannel.com reports. The fund owned 409,989 shares of the company’s stock after acquiring an additional 116,559 shares during the quarter. Assetmark Inc.’s holdings in Everest Group were worth $160,646,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EG. American National Bank bought a new stake in Everest Group during the second quarter worth about $27,000. M&R Capital Management Inc. bought a new stake in shares of Everest Group during the 3rd quarter worth approximately $29,000. Bruce G. Allen Investments LLC boosted its position in shares of Everest Group by 200.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after acquiring an additional 52 shares in the last quarter. Eastern Bank bought a new position in Everest Group in the third quarter valued at approximately $35,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Everest Group by 36.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after purchasing an additional 31 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the completion of the sale, the executive vice president now owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the sale, the executive vice president now owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were acquired at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the acquisition, the director now owns 32,822 shares in the company, valued at approximately $11,443,062.08. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Everest Group Stock Up 1.7 %

Shares of NYSE:EG opened at $368.30 on Friday. The firm has a market cap of $15.83 billion, a P/E ratio of 5.76, a P/E/G ratio of 2.59 and a beta of 0.63. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $417.92. The business has a fifty day simple moving average of $383.08 and a 200 day simple moving average of $380.43. The company has a quick ratio of 0.38, a current ratio of 0.40 and a debt-to-equity ratio of 0.22.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.17%. Everest Group’s dividend payout ratio (DPR) is 12.52%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Jefferies Financial Group boosted their price target on Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets reissued a “market perform” rating and set a $403.00 target price on shares of Everest Group in a research note on Friday, August 30th. Keefe, Bruyette & Woods reduced 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 note on Thursday, August 8th. Barclays lowered their price objective on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Wells Fargo & Company cut their target price on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research report on Tuesday. 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $438.00.

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.