Silver Oak Securities Incorporated Acquires Shares of 2,005 Everest Group, Ltd. (NYSE:EG)

Silver Oak Securities Incorporated purchased a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,005 shares of the company's stock, valued at approximately $721,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC raised its stake in shares of Everest Group by 200.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company's stock worth $31,000 after buying an additional 52 shares in the last quarter. Eastern Bank acquired a new position in Everest Group during the third quarter worth $35,000. Brooklyn Investment Group purchased a new position in Everest Group in the third quarter worth $39,000. Private Trust Co. NA lifted its holdings in Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company's stock valued at $52,000 after acquiring an additional 45 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Everest Group during the 3rd quarter worth $64,000. Institutional investors and hedge funds own 92.64% of the company's stock.

Insider Activity at Everest Group

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

Everest Group Price Performance

Shares of NYSE EG traded up $2.48 during trading on Tuesday, reaching $335.95. The company had a trading volume of 468,800 shares, compared to its average volume of 449,741. 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. The stock has a 50-day moving average price of $358.51 and a two-hundred day moving average price of $372.77. The stock has a market capitalization of $14.44 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65.

Everest Group (NYSE:EG - Get Free Report) last announced its earnings results 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%. As a group, sell-side analysts predict that Everest Group, Ltd. will post 53.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

EG has been the subject of a number of research analyst reports. Barclays increased their price target on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. TD Cowen reduced their price target on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday, November 18th. Morgan Stanley restated an "equal weight" rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Keefe, Bruyette & Woods lifted their price objective on Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Finally, Jefferies Financial Group lowered Everest Group from a "buy" rating to a "hold" rating and upped their target price for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $411.89.

Everest Group 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.