Lecap Asset Management Ltd. Has $1.01 Million Holdings in Everest Group, Ltd. (NYSE:EG)

Lecap Asset Management Ltd. cut its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 65.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,786 shares of the company's stock after selling 5,300 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Everest Group were worth $1,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wedmont Private Capital grew its position in Everest Group by 4.8% in the third quarter. Wedmont Private Capital now owns 638 shares of the company's stock worth $238,000 after acquiring an additional 29 shares in the last quarter. Dakota Wealth Management grew its position in shares of Everest Group by 1.7% in the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock valued at $705,000 after purchasing an additional 32 shares during the last quarter. Steph & Co. increased its stake in shares of Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company's stock worth $133,000 after purchasing an additional 35 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock worth $239,000 after purchasing an additional 37 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in Everest Group by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company's stock valued at $4,392,000 after purchasing an additional 38 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Trading Up 0.7 %

EG traded up $2.48 during mid-day trading on Tuesday, reaching $335.95. The stock had a trading volume of 468,800 shares, compared to its average volume of 449,741. The stock has a market capitalization of $14.44 billion, a P/E ratio of 10.70, a P/E/G ratio of 0.22 and a beta of 0.65. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30. 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 firm's fifty day simple moving average is $358.51 and its two-hundred day simple moving average is $372.77.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (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

Several equities research analysts have recently weighed in on EG shares. Barclays increased their price objective on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Morgan Stanley restated an "equal weight" rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Wells Fargo & Company decreased their target price 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. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, TD Cowen cut their price objective on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday, November 18th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $411.89.

Insider Activity

In other news, COO James Allan Williamson sold 200 shares of the company's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,009 shares of the company's stock, valued at $5,553,330. This represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.20% of the company's stock.

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.