Raymond James Trust N.A. Purchases 536 Shares of Everest Group, Ltd. (NYSE:EG)

Raymond James Trust N.A. grew its holdings in Everest Group, Ltd. (NYSE:EG) by 59.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,434 shares of the company’s stock after purchasing an additional 536 shares during the quarter. Raymond James Trust N.A.’s holdings in Everest Group were worth $562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in EG. Mizuho Securities USA LLC grew its position in shares of Everest Group by 12,263.1% during the 3rd 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. Boston Partners boosted its stake in Everest Group by 29.1% during the first quarter. Boston Partners now owns 1,197,457 shares of the company’s stock worth $475,750,000 after acquiring an additional 269,665 shares in the last quarter. William Blair Investment Management LLC grew its holdings 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. increased its stake in Everest Group by 39.7% in the third quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock valued at $160,646,000 after purchasing an additional 116,559 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Everest Group by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock valued at $203,891,000 after purchasing an additional 38,254 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Activity at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value of $74,000.00. Following the transaction, the chief operating officer now directly owns 15,009 shares in the company, valued at $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William F. Galtney, Jr. bought 2,870 shares of Everest Group stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the transaction, the director now directly owns 32,822 shares in the company, valued at approximately $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. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on EG shares. Barclays decreased their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Keefe, Bruyette & Woods decreased their price objective on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Jefferies Financial Group increased their target price 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 decreased their price target on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a research note on Thursday, November 14th. Finally, UBS Group raised shares of Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $434.10.

Everest Group Stock Performance

Shares of EG stock opened at $390.31 on Tuesday. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $417.04. 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 moving average of $380.77 and a 200-day moving average of $380.80. The company has a market cap of $16.78 billion, a P/E ratio of 6.11, a P/E/G ratio of 2.88 and a beta of 0.63.

Everest Group Dividend Announcement

The firm also recently announced 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. This represents a $8.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio is presently 12.52%.

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.