Empowered Funds LLC Buys 20,011 Shares of Everest Group, Ltd. (NYSE:EG)

Empowered Funds LLC grew its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 208.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,633 shares of the company's stock after purchasing an additional 20,011 shares during the quarter. Empowered Funds LLC owned approximately 0.07% of Everest Group worth $10,741,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Eastern Bank acquired a new position in shares of Everest Group in the third quarter valued at about $35,000. Brooklyn Investment Group bought a new stake in Everest Group in the 3rd quarter valued at about $39,000. Private Trust Co. NA grew its position in shares of Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company's stock worth $52,000 after purchasing an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Everest Group during the 3rd quarter worth approximately $64,000. Finally, Avior Wealth Management LLC increased its holdings in shares of Everest Group by 22.4% during the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Price Performance

Shares of EG stock traded up $4.19 on Thursday, reaching $335.77. The company had a trading volume of 273,600 shares, compared to its average volume of 441,010. The business's 50-day moving average is $356.79 and its 200 day moving average is $372.23. Everest Group, Ltd. has a one year low of $327.37 and a one year high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $14.43 billion, a PE ratio of 10.69, 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 the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. Equities research analysts forecast that Everest Group, Ltd. will post 53.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EG has been the topic of a number of analyst reports. Barclays increased their price target on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Morgan Stanley reissued an "equal weight" rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Wells Fargo & Company decreased their price target on 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 cut their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $416.50.

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.