Everest Group, Ltd. (NYSE:EG) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 44.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,013 shares of the company's stock after buying an additional 1,237 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Everest Group were worth $1,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of EG. Cetera Investment Advisers grew its holdings in shares of Everest Group by 9.0% in the second quarter. Cetera Investment Advisers now owns 5,316 shares of the company's stock valued at $2,026,000 after purchasing an additional 437 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Everest Group in the second quarter valued at about $466,000. Wedmont Private Capital grew its holdings in shares of Everest Group by 4.8% in the third quarter. Wedmont Private Capital now owns 638 shares of the company's stock valued at $238,000 after purchasing an additional 29 shares during the period. Vista Investment Partners LLC grew its holdings in shares of Everest Group by 1.1% in the third quarter. Vista Investment Partners LLC now owns 7,819 shares of the company's stock valued at $3,064,000 after purchasing an additional 86 shares during the period. Finally, V Square Quantitative Management LLC grew its holdings in shares of Everest Group by 8.2% in the third quarter. V Square Quantitative Management LLC now owns 767 shares of the company's stock valued at $301,000 after purchasing an additional 58 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Down 0.7 %

Shares of NYSE EG traded down $2.23 during midday trading on Friday, hitting $333.18. The company's stock had a trading volume of 398,901 shares, compared to its average volume of 439,607. The business's fifty day simple moving average is $356.03 and its two-hundred day simple moving average is $371.88. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 year high of $407.30. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS 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%. On average, equities analysts predict that Everest Group, Ltd. will post 53.11 EPS for the current year.

Wall Street Analyst Weigh In

EG has been the subject of a number of analyst reports. Morgan Stanley reissued an "equal weight" rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. TD Cowen dropped their price objective on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a report on Monday, November 18th. Jefferies Financial Group lowered shares of Everest Group from a "buy" rating to a "hold" rating and upped their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Wells Fargo & Company lowered their target price on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Finally, Barclays increased their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.