US Bancorp DE Has $3.12 Million Stock Holdings in Everest Group, Ltd. (NYSE:EG)

US Bancorp DE lifted its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,953 shares of the company’s stock after purchasing an additional 80 shares during the quarter. US Bancorp DE’s holdings in Everest Group were worth $3,116,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Boston Partners increased its stake in shares of Everest Group by 29.1% during the 1st quarter. Boston Partners now owns 1,197,457 shares of the company’s stock worth $475,750,000 after purchasing an additional 269,665 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Everest Group by 1.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company’s stock worth $393,395,000 after purchasing an additional 17,885 shares during the last quarter. Champlain Investment Partners LLC grew its stake in Everest Group by 5.3% in the 1st quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock valued at $360,175,000 after buying an additional 45,705 shares during the last quarter. William Blair Investment Management LLC grew its stake in Everest Group by 30.2% in the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock valued at $221,057,000 after buying an additional 134,517 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Everest Group by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock valued at $203,891,000 after buying an additional 38,254 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Transactions at Everest Group

In other news, 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 transaction of $93,741.12. Following the completion of the transaction, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on EG. Wells Fargo & Company lowered 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 note on Tuesday. Jefferies Financial Group raised their target price on shares of Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. UBS Group upgraded shares of Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Barclays lowered their target price on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Finally, 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 research note on Thursday, October 10th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $438.00.

Everest Group Price Performance

NYSE:EG opened at $354.61 on Wednesday. The company has a 50-day moving average of $385.26 and a 200-day moving average of $380.80. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 5.50, a PEG ratio of 2.45 and a beta of 0.63. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38.

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.