Blackhawk Capital Partners LLC. Invests $214,000 in Everest Group, Ltd. (NYSE:EG)

Blackhawk Capital Partners LLC. purchased a new position in shares of Everest Group, Ltd. (NYSE:EG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 546 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of Everest Group by 284.8% during the 3rd quarter. SG Americas Securities LLC now owns 24,556 shares of the company’s stock worth $9,622,000 after buying an additional 18,175 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Everest Group during the second quarter valued at about $921,000. Blue Trust Inc. boosted its position in Everest Group by 92.9% during the second quarter. Blue Trust Inc. now owns 162 shares of the company’s stock valued at $64,000 after purchasing an additional 78 shares in the last quarter. Raymond James & Associates boosted its position in Everest Group by 29.6% during the third quarter. Raymond James & Associates now owns 31,966 shares of the company’s stock valued at $12,525,000 after purchasing an additional 7,306 shares in the last quarter. Finally, National Pension Service boosted its position in Everest Group by 24.1% during the third quarter. National Pension Service now owns 103,315 shares of the company’s stock valued at $40,482,000 after purchasing an additional 20,040 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the sale, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at $4,434,756.48. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction that occurred 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 transaction, the chief operating officer now owns 15,009 shares in the company, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group raised Everest Group to a “hold” rating in a research report on Wednesday, October 9th. 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. Jefferies Financial Group increased their price target on Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets decreased their price target on 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, Keefe, Bruyette & Woods decreased their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $434.10.

Everest Group Trading Up 1.7 %

Shares of NYSE:EG opened at $376.87 on Thursday. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $417.92. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 5.90, a PEG ratio of 2.72 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 business has a 50-day moving average price of $380.51 and a 200-day moving average price of $380.68.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.12%. The ex-dividend date is Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is 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.