AustralianSuper Pty Ltd Boosts Stake in Everest Group, Ltd. (NYSE:EG)

AustralianSuper Pty Ltd raised its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 162.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,993 shares of the company's stock after purchasing an additional 29,677 shares during the quarter. AustralianSuper Pty Ltd owned 0.11% of Everest Group worth $17,396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mizuho Securities USA LLC grew its stake in 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 last quarter. World Investment Advisors LLC acquired a new position in shares of Everest Group during the third quarter valued at approximately $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Everest Group by 442.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company's stock valued at $120,744,000 after acquiring an additional 251,337 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Everest Group by 39.7% in the 3rd quarter. Assetmark Inc. now owns 409,989 shares of the company's stock worth $160,646,000 after acquiring an additional 116,559 shares during the last quarter. Finally, FMR LLC boosted its stake in Everest Group by 21.5% in the 3rd quarter. FMR LLC now owns 410,861 shares of the company's stock worth $160,988,000 after purchasing an additional 72,822 shares during the period. Institutional investors own 92.64% of the company's stock.

Everest Group Price Performance

Shares of EG traded down $1.95 during mid-day trading on Wednesday, reaching $336.23. 394,867 shares of the stock traded hands, compared to its average volume of 437,565. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 year high of $407.30. The firm has a fifty day moving average price of $354.32 and a 200 day moving average price of $370.93. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. As a group, equities research analysts predict that Everest Group, Ltd. will post 53.15 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on EG shares. Wells Fargo & Company cut their price objective on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Keefe, Bruyette & Woods boosted their target price on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Barclays boosted their price objective on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Finally, TD Cowen dropped their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday, November 18th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $416.50.

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.