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

Everest Group, Ltd. (NYSE:EG - Get Free Report) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 611,600 shares, a growth of 5.6% from the December 31st total of 579,200 shares. Based on an average daily trading volume, of 420,400 shares, the short-interest ratio is presently 1.5 days. Approximately 1.9% of the shares of the company are sold short.

Everest Group Price Performance

Shares of NYSE:EG traded down $3.77 during midday trading on Thursday, hitting $336.05. 400,049 shares of the stock were exchanged, compared to its average volume of 444,448. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group has a twelve month low of $335.34 and a twelve month high of $407.30. The stock has a market cap of $14.44 billion, a P/E ratio of 5.26, a PEG ratio of 2.50 and a beta of 0.65. The company has a 50 day moving average price of $361.48 and a 200-day moving average price of $373.87.

Everest Group (NYSE:EG - Get Free Report) last announced its earnings results 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 16.99% and a return on equity of 22.45%. On average, research analysts forecast that Everest Group will post 36.3 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group upgraded Everest Group to a "hold" rating in a report on Wednesday, October 9th. Jefferies Financial Group downgraded Everest Group from a "buy" rating to a "hold" rating and boosted their target price for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Bank of America dropped their price objective on shares of Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. BMO Capital Markets cut Everest Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Wells Fargo & Company decreased their price objective on shares of 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. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Everest Group has a consensus rating of "Hold" and a consensus target price of $411.89.

Insider Activity at Everest Group

In related news, COO James Allan Williamson sold 200 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the transaction, the chief operating officer now directly owns 15,009 shares of the company's stock, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everest Group

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Everest Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock worth $453,818,000 after acquiring an additional 16,180 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Everest Group by 6.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock valued at $192,267,000 after buying an additional 30,458 shares during the last quarter. Assetmark Inc. increased its stake in shares of Everest Group by 1.4% in the fourth quarter. Assetmark Inc. now owns 415,638 shares of the company's stock worth $150,652,000 after buying an additional 5,649 shares during the last quarter. Mizuho Securities USA LLC raised its stake in shares of Everest Group by 12,263.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company's stock valued at $162,766,000 after purchasing an additional 412,040 shares in the last quarter. Finally, FMR LLC increased its holdings in Everest Group by 21.5% in the third quarter. FMR LLC now owns 410,861 shares of the company's stock valued at $160,988,000 after buying an additional 72,822 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

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.