NFC Investments LLC Purchases 55 Shares of Everest Group, Ltd. (NYSE:EG)

NFC Investments LLC boosted its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 0.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,445 shares of the company’s stock after purchasing an additional 55 shares during the period. Everest Group comprises approximately 3.4% of NFC Investments LLC’s holdings, making the stock its 11th largest holding. NFC Investments LLC owned about 0.07% of Everest Group worth $11,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mizuho Securities USA LLC lifted its holdings in Everest Group by 12,263.1% in the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after buying an additional 412,040 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Everest Group by 442.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock valued at $120,744,000 after purchasing an additional 251,337 shares in the last quarter. William Blair Investment Management LLC grew its stake in Everest Group by 30.2% in the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock worth $221,057,000 after purchasing an additional 134,517 shares during the period. Assetmark Inc. raised its holdings in Everest Group by 39.7% in the third quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock worth $160,646,000 after purchasing an additional 116,559 shares in the last quarter. Finally, FMR LLC lifted its position in Everest Group by 21.5% during the third quarter. FMR LLC now owns 410,861 shares of the company’s stock valued at $160,988,000 after buying an additional 72,822 shares during the period. Institutional investors own 92.64% of the company’s stock.

Insider Buying and Selling

In other Everest Group news, Director William F. Galtney, Jr. acquired 2,870 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the purchase, the director now directly owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This represents a 9.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO James Allan Williamson sold 200 shares of the company’s stock in a transaction 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 represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Everest Group Trading Up 0.5 %

Shares of EG stock traded up $2.04 on Tuesday, reaching $385.77. 67,576 shares of the company’s stock were exchanged, compared to its average volume of 354,603. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $380.74 and its 200 day simple moving average is $381.08. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $408.71. The stock has a market capitalization of $16.58 billion, a PE ratio of 6.01, a P/E/G ratio of 2.87 and a beta of 0.64.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio is presently 12.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods cut their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. UBS Group upgraded shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Bank of America cut their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and upped their price target for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Finally, TD Cowen lowered their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $431.30.

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.