Worldquant Millennium Advisors LLC Invests $389,000 in Everest Group, Ltd. (NYSE:EG)

Worldquant Millennium Advisors LLC bought a new stake in Everest Group, Ltd. (NYSE:EG) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 994 shares of the company’s stock, valued at approximately $389,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. increased its holdings in Everest Group by 1.6% in the 2nd quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company’s stock valued at $672,000 after buying an additional 27 shares during the period. Wedmont Private Capital increased its stake in Everest Group by 4.8% in the third quarter. Wedmont Private Capital now owns 638 shares of the company’s stock valued at $238,000 after acquiring an additional 29 shares during the period. Banque Cantonale Vaudoise raised its position in Everest Group by 4.6% in the second quarter. Banque Cantonale Vaudoise now owns 745 shares of the company’s stock worth $284,000 after purchasing an additional 33 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in Everest Group by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock worth $4,392,000 after purchasing an additional 38 shares during the period. Finally, Center For Asset Management LLC boosted its holdings in Everest Group by 3.6% during the second quarter. Center For Asset Management LLC now owns 1,243 shares of the company’s stock valued at $474,000 after purchasing an additional 43 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Trading Down 0.9 %

Shares of NYSE EG opened at $371.40 on Monday. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $407.30. The company has a 50-day moving average of $379.97 and a two-hundred day moving average of $380.62. The company has a market cap of $15.96 billion, a PE ratio of 5.81, a P/E/G ratio of 2.81 and a beta of 0.64. The company has a current ratio of 0.40, a quick 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. Investors of record on Wednesday, November 27th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.15%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays dropped their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Bank of America lowered their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. 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 report on Monday, November 18th. Finally, UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Everest Group presently has an average rating of “Hold” and a consensus price target of $430.10.

Insiders Place Their Bets

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the stock in a transaction dated 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 transaction, the director now owns 32,822 shares in the company, valued at $11,443,062.08. This trade represents a 9.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.