Everest Group, Ltd. (NYSE:EG) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,794 shares of the company's stock after selling 2,433 shares during the quarter. State of Alaska Department of Revenue's holdings in Everest Group were worth $2,462,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in Everest Group by 152.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company's stock valued at $8,225,000 after purchasing an additional 13,687 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Everest Group by 19.5% in the third quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company's stock valued at $30,747,000 after purchasing an additional 12,791 shares during the last quarter. Brophy Wealth Management LLC purchased a new position in Everest Group in the third quarter valued at approximately $749,000. Intech Investment Management LLC increased its stake in Everest Group by 13.1% in the third quarter. Intech Investment Management LLC now owns 27,324 shares of the company's stock valued at $10,706,000 after purchasing an additional 3,166 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Everest Group by 5.5% in the third quarter. Principal Financial Group Inc. now owns 53,892 shares of the company's stock valued at $21,117,000 after purchasing an additional 2,818 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EG. Morgan Stanley restated an "equal weight" rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Wells Fargo & Company lowered 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. Jefferies Financial Group lowered shares of Everest Group from a "buy" rating to a "hold" rating and raised their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. TD Cowen lowered their target price 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. Finally, Barclays raised their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Everest Group has a consensus rating of "Hold" and an average target price of $416.50.

Everest Group Price Performance

Everest Group stock traded down $2.23 during midday trading on Friday, reaching $333.18. The company's stock had a trading volume of 398,901 shares, compared to its average volume of 439,607. Everest Group, Ltd. has a fifty-two week low of $327.37 and a fifty-two 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 stock's 50 day simple moving average is $356.03 and its 200 day simple moving average is $371.88. The firm has a market capitalization of $14.32 billion, a PE ratio of 10.61, a P/E/G ratio of 0.22 and a beta of 0.65.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported ($18.39) 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%. On average, equities research analysts forecast that Everest Group, Ltd. will post 53.11 earnings per share for the current year.

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.