New York State Teachers Retirement System Has $16.42 Million Stake in Everest Group, Ltd. (NYSE:EG)

New York State Teachers Retirement System decreased its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 4.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,307 shares of the company's stock after selling 1,998 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Everest Group worth $16,422,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eastern Bank purchased a new stake in Everest Group in the 3rd quarter worth about $35,000. Brooklyn Investment Group purchased a new stake in Everest Group in the 3rd quarter worth about $39,000. Private Trust Co. NA lifted its stake in Everest Group by 51.7% in the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company's stock worth $52,000 after acquiring an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Everest Group in the 3rd quarter worth about $64,000. Finally, Avior Wealth Management LLC raised its stake in shares of Everest Group by 22.4% during the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Analyst Ratings Changes

EG has been the subject of a number of recent research reports. Barclays raised their price target 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 downgraded Everest Group from a "buy" rating to a "hold" rating and raised their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. BMO Capital Markets downgraded Everest Group from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. TD Cowen cut their price objective on Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research note on Monday, November 18th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $416.50.

Everest Group Stock Performance

EG traded up $2.03 during midday trading on Thursday, reaching $338.32. The company's stock had a trading volume of 414,201 shares, compared to its average volume of 436,855. The stock has a market cap of $14.54 billion, a P/E ratio of 10.77, a PEG ratio of 0.22 and a beta of 0.65. The company has a fifty day simple moving average of $354.32 and a 200 day simple moving average of $370.93. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. Research analysts expect that Everest Group, Ltd. will post 53.15 earnings per share for the current 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.