Everest Group, Ltd. (NYSE:EG) Short Interest Update

Everest Group, Ltd. (NYSE:EG - Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 799,200 shares, a growth of 28.4% from the January 15th total of 622,200 shares. Based on an average trading volume of 419,900 shares, the short-interest ratio is currently 1.9 days. Approximately 2.5% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. TD Cowen decreased 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. Morgan Stanley reiterated an "equal weight" rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Wells Fargo & Company decreased their price target on shares of 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. Finally, BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $416.50.

Institutional Trading of Everest Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its stake in shares of Everest Group by 2.9% in the 4th quarter. Mackenzie Financial Corp now owns 100,753 shares of the company's stock worth $36,519,000 after buying an additional 2,793 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Everest Group by 6.6% in the 4th quarter. Toronto Dominion Bank now owns 23,015 shares of the company's stock worth $8,342,000 after buying an additional 1,430 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Everest Group by 12.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 21,949 shares of the company's stock worth $7,956,000 after buying an additional 2,488 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Everest Group in the 4th quarter worth $29,000. Finally, Continuum Advisory LLC grew its stake in shares of Everest Group by 5.2% in the 4th quarter. Continuum Advisory LLC now owns 9,945 shares of the company's stock worth $3,605,000 after buying an additional 492 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Price Performance

Shares of EG stock traded up $2.03 on Thursday, hitting $338.32. 414,201 shares of the stock traded hands, compared to its average volume of 436,855. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 0.22 and a beta of 0.65. Everest Group has a 52 week low of $327.37 and a 52 week high of $407.30. The firm has a 50 day simple moving average of $353.83 and a two-hundred day simple moving average of $370.70. 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 (NYSE:EG - Get Free Report) last announced 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%. As a group, equities research analysts predict that Everest Group will post 53.15 earnings per share for the current fiscal year.

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.