Lifeworks Advisors LLC Increases Position in Everest Group, Ltd. (NYSE:EG)

Lifeworks Advisors LLC grew its holdings in Everest Group, Ltd. (NYSE:EG) by 1,843.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,265 shares of the company’s stock after buying an additional 11,634 shares during the quarter. Lifeworks Advisors LLC’s holdings in Everest Group were worth $4,806,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. American National Bank acquired a new position in Everest Group during the second quarter worth $27,000. M&R Capital Management Inc. acquired a new stake in shares of Everest Group during the 3rd quarter worth approximately $29,000. Bruce G. Allen Investments LLC boosted its stake in Everest Group by 200.0% during the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after buying an additional 52 shares during the period. Eastern Bank acquired a new position in shares of Everest Group in the 3rd quarter worth approximately $35,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of 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 buying an additional 31 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Everest Group

In other news, 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 transaction, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at $4,434,756.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Everest Group news, Director William F. Galtney, Jr. purchased 2,870 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the acquisition, the director now owns 32,822 shares of the company’s stock, valued at $11,443,062.08. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 in the company, valued at approximately $4,434,756.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Everest Group Stock Performance

Shares of EG stock traded down $1.80 during trading hours on Thursday, reaching $368.88. The stock had a trading volume of 44,585 shares, compared to its average volume of 347,639. 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 firm has a 50-day simple moving average of $381.70 and a 200-day simple moving average of $380.60. The firm has a market capitalization of $15.85 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 2.64 and a beta of 0.63. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $417.92.

Everest Group Announces Dividend

The company 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 $2.00 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.17%. Everest Group’s dividend payout ratio (DPR) is 12.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EG shares. Keefe, Bruyette & Woods dropped their price target on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company reduced their target price on Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Bank of America decreased their price target on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. TD Cowen decreased their price objective on Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Finally, Barclays cut their price target on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $435.18.

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.