Allspring Global Investments Holdings LLC Sells 4,201 Shares of Everest Group, Ltd. (NYSE:EG)

Allspring Global Investments Holdings LLC lowered its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 17.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,216 shares of the company's stock after selling 4,201 shares during the period. Allspring Global Investments Holdings LLC's holdings in Everest Group were worth $7,345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lester Murray Antman dba SimplyRich lifted its position in Everest Group by 2.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock worth $481,000 after purchasing an additional 35 shares during the period. Avidian Wealth Enterprises LLC grew its holdings in Everest Group by 3.3% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,401 shares of the company's stock worth $870,000 after acquiring an additional 76 shares during the period. Hartford Investment Management Co. boosted its holdings in Everest Group by 1.5% during the fourth quarter. Hartford Investment Management Co. now owns 3,543 shares of the company's stock worth $1,284,000 after buying an additional 54 shares during the last quarter. Equitable Trust Co. grew its holdings in Everest Group by 97.7% during the fourth quarter. Equitable Trust Co. now owns 16,997 shares of the company's stock valued at $6,161,000 after purchasing an additional 8,398 shares during the period. Finally, Wealthstar Advisors LLC acquired a new position in Everest Group in the fourth quarter valued at about $352,000. Institutional investors own 92.64% of the company's stock.

Analyst Ratings Changes

EG has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. Barclays increased their target price on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Jefferies Financial Group lowered shares of Everest Group from a "buy" rating to a "hold" rating and increased their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. TD Cowen reduced their price target on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research report on Monday, November 18th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Six research 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, Everest Group presently has an average rating of "Hold" and an average target price of $416.50.

Everest Group Stock Down 0.2 %

Shares of Everest Group stock traded down $0.81 during midday trading on Friday, hitting $337.40. The company had a trading volume of 407,787 shares, compared to its average volume of 470,509. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30. The company has a 50 day moving average of $353.32 and a 200 day moving average of $370.57. The stock has a market capitalization of $14.50 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.24 and a beta of 0.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40.

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%. On average, equities analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Company 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.