Thrivent Financial for Lutherans Boosts Stake in Everest Group, Ltd. (NYSE:EG)

Thrivent Financial for Lutherans lifted its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 27.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,559 shares of the company’s stock after acquiring an additional 6,430 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of Everest Group worth $11,582,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Boston Partners increased its holdings in 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 raised its holdings in Everest Group by 1.8% in the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company’s stock valued at $393,395,000 after acquiring an additional 17,885 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Everest Group by 30.2% during the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock valued at $221,057,000 after acquiring an additional 134,517 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Everest Group by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock worth $203,891,000 after purchasing an additional 38,254 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of Everest Group by 1.9% in the 2nd quarter. LSV Asset Management now owns 476,433 shares of the company’s stock worth $181,531,000 after purchasing an additional 8,654 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 2.3 %

Shares of NYSE:EG opened at $385.65 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $380.64 and its 200 day moving average price is $380.71. The company has a market cap of $16.58 billion, a PE ratio of 6.04, a P/E/G ratio of 2.72 and a beta of 0.63. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $417.92.

Everest Group Announces Dividend

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

Analyst Ratings Changes

EG has been the subject of a number of research reports. Bank of America decreased their price target on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Keefe, Bruyette & Woods decreased their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. TD Cowen dropped their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday. Wells Fargo & Company decreased their price objective on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Finally, UBS Group raised shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $434.10.

Insider Buying and Selling

In related news, COO James Allan Williamson sold 200 shares of the company’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 completion of the sale, the chief operating officer now owns 15,009 shares of the company’s stock, valued at $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William F. Galtney, Jr. bought 2,870 shares of the stock in a transaction on Monday, November 4th. The shares were bought at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, 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 position. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

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.