Equitable Trust Co. Acquires 8,398 Shares of Everest Group, Ltd. (NYSE:EG)

Equitable Trust Co. raised its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 97.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,997 shares of the company's stock after acquiring an additional 8,398 shares during the quarter. Equitable Trust Co.'s holdings in Everest Group were worth $6,161,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Wedmont Private Capital boosted its position in Everest Group by 4.8% during the 3rd quarter. Wedmont Private Capital now owns 638 shares of the company's stock valued at $238,000 after acquiring an additional 29 shares in the last quarter. Dakota Wealth Management boosted its position in Everest Group by 1.7% during the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock valued at $705,000 after acquiring an additional 32 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in Everest Group by 19.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after acquiring an additional 32 shares in the last quarter. Steph & Co. boosted its position in Everest Group by 10.6% during the 4th quarter. Steph & Co. now owns 366 shares of the company's stock valued at $133,000 after acquiring an additional 35 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its holdings in shares of Everest Group by 5.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock valued at $239,000 after purchasing an additional 37 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Performance

NYSE:EG traded up $4.19 during trading hours on Thursday, reaching $335.77. The company had a trading volume of 273,600 shares, compared to its average volume of 441,010. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.22 and a beta of 0.65. The firm's 50 day moving average price is $356.79 and its 200-day moving average price is $372.23.

Everest Group (NYSE:EG - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. On average, analysts forecast that Everest Group, Ltd. will post 53.11 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EG shares. Barclays lifted their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Keefe, Bruyette & Woods lifted 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. Morgan Stanley reiterated 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. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Jefferies Financial Group lowered shares of Everest Group from a "buy" rating to a "hold" rating and lifted their target price for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Everest Group has an average rating of "Hold" and an average target price 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.