Truist Financial Corp Boosts Stake in Everest Group, Ltd. (NYSE:EG)

Truist Financial Corp grew its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 7,580.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,936 shares of the company's stock after purchasing an additional 91,726 shares during the quarter. Truist Financial Corp owned approximately 0.22% of Everest Group worth $33,686,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Mizuho Securities USA LLC grew its position in Everest Group by 12,263.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company's stock worth $162,766,000 after acquiring an additional 412,040 shares during the last quarter. World Investment Advisors LLC bought a new position in Everest Group during the 3rd quarter worth approximately $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Everest Group by 442.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company's stock worth $120,744,000 after acquiring an additional 251,337 shares during the last quarter. Assetmark Inc. grew its position in shares of Everest Group by 39.7% in the 3rd quarter. Assetmark Inc. now owns 409,989 shares of the company's stock worth $160,646,000 after buying an additional 116,559 shares during the last quarter. Finally, FMR LLC grew its position in shares of Everest Group by 21.5% in the 3rd quarter. FMR LLC now owns 410,861 shares of the company's stock worth $160,988,000 after buying an additional 72,822 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Down 0.2 %

Shares of Everest Group stock traded down $0.81 on Friday, reaching $337.40. The company's stock had a trading volume of 407,787 shares, compared to its average volume of 436,000. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 0.23 and a beta of 0.65. The firm's fifty day simple moving average is $353.83 and its two-hundred day simple moving average is $370.70.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.04% and a net margin of 7.95%. Equities analysts anticipate that Everest Group, Ltd. will post 50.51 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BMO Capital Markets cut Everest Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Wells Fargo & Company lowered their price objective on Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Morgan Stanley reiterated an "equal weight" rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Jefferies Financial Group cut Everest Group from a "buy" rating to a "hold" rating and lifted their price objective for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, TD Cowen lowered their price objective on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research note on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Everest Group currently has a consensus rating of "Hold" and an average target price of $416.50.

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.