Principal Financial Group Inc. Buys 2,818 Shares of Everest Group, Ltd. (NYSE:EG)

Principal Financial Group Inc. boosted its stake in Everest Group, Ltd. (NYSE:EG) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,892 shares of the company’s stock after purchasing an additional 2,818 shares during the quarter. Principal Financial Group Inc. owned approximately 0.13% of Everest Group worth $21,117,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Boston Partners grew 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 valued at $475,750,000 after acquiring an additional 269,665 shares in the last quarter. William Blair Investment Management LLC boosted its holdings 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 purchasing an additional 134,517 shares during the period. Champlain Investment Partners LLC grew its position in shares of Everest Group by 5.3% during the 1st quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock valued at $360,175,000 after purchasing an additional 45,705 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Everest Group by 7.7% in the second 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 period. Finally, Swedbank AB purchased a new stake in shares of Everest Group in the first quarter worth $15,074,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Trading Up 0.5 %

NYSE:EG opened at $370.72 on Thursday. The firm has a market capitalization of $15.93 billion, a P/E ratio of 5.80, a P/E/G ratio of 2.64 and a beta of 0.63. 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 has a fifty day moving average of $381.70 and a 200 day moving average of $380.60. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92.

Everest Group Announces Dividend

The company 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 dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.16%. Everest Group’s dividend payout ratio is currently 12.52%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods reduced 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. UBS Group raised Everest Group to a “hold” rating in a report on Wednesday, October 9th. TD Cowen lowered their target price on shares of Everest Group from $419.00 to $405.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Wells Fargo & Company cut their price target on shares of Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. Finally, BMO Capital Markets restated a “market perform” rating and set a $403.00 price objective on shares of Everest Group in a research report on Friday, August 30th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Everest Group presently has an average rating of “Moderate Buy” and a consensus target price of $438.00.

Insider Buying and Selling

In other Everest Group news, Director William F. Galtney, Jr. bought 2,870 shares of Everest Group stock in a transaction dated Monday, November 4th. The shares were purchased at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the purchase, the director now owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Everest Group news, Director William F. Galtney, Jr. bought 2,870 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the acquisition, the director now owns 32,822 shares in the company, valued at approximately $11,443,062.08. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction dated Monday, November 4th. The stock was 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 owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

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.