Asset Management One Co. Ltd. Grows Stock Position in Everest Group, Ltd. (NYSE:EG)

Asset Management One Co. Ltd. grew its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,881 shares of the company's stock after acquiring an additional 1,567 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Everest Group were worth $6,436,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Eastern Bank purchased a new position in Everest Group during the 3rd quarter valued at $35,000. Brooklyn Investment Group bought a new stake in shares of Everest Group during the third quarter worth $39,000. Private Trust Co. NA boosted its stake in shares of Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company's stock valued at $52,000 after purchasing an additional 45 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Everest Group in the third quarter worth about $64,000. Finally, Avior Wealth Management LLC grew its holdings in shares of Everest Group by 22.4% in 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 last quarter. Institutional investors own 92.64% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley reissued an "equal weight" rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods lifted their price target 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. Wells Fargo & Company dropped their price objective on Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Barclays raised their price objective on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group cut Everest Group from a "buy" rating to a "hold" rating and upped their target price for the stock 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 issued a buy rating to the stock. According to data from MarketBeat.com, Everest Group currently has a consensus rating of "Hold" and a consensus price target of $416.50.

Everest Group Stock Down 0.2 %

NYSE:EG traded down $0.81 during trading hours on Friday, reaching $337.40. The company's stock had a trading volume of 407,786 shares, compared to its average volume of 436,000. The stock has a 50 day moving average price of $353.83 and a two-hundred day moving average price of $370.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $14.50 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 0.23 and a beta of 0.65. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) 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%. Equities analysts predict that Everest Group, Ltd. will post 50.51 EPS for the current fiscal year.

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.