Vest Financial LLC Acquires 2,662 Shares of Everest Group, Ltd. (NYSE:EG)

Vest Financial LLC raised its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 63.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,850 shares of the company's stock after purchasing an additional 2,662 shares during the period. Vest Financial LLC's holdings in Everest Group were worth $2,483,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Eastern Bank bought a new stake in shares of Everest Group in the 3rd quarter valued at approximately $35,000. Brooklyn Investment Group bought a new stake in shares of Everest Group in the 3rd quarter valued at approximately $39,000. Private Trust Co. NA increased its holdings in shares of Everest Group by 51.7% in the 3rd 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 last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Everest Group in the 3rd quarter valued at approximately $64,000. Finally, Avior Wealth Management LLC increased its holdings in shares of Everest Group by 22.4% in the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock valued at $93,000 after acquiring an additional 47 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Everest Group

In other news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction on 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 approximately $5,553,330. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Everest Group Price Performance

Shares of EG traded down $3.67 during mid-day trading on Wednesday, reaching $331.96. The company had a trading volume of 372,791 shares, compared to its average volume of 446,993. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The company's 50-day moving average is $357.57 and its 200-day moving average is $372.49. The company has a market capitalization of $14.27 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.22 and a beta of 0.65.

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

Analyst Upgrades and Downgrades

EG has been the subject of a number of recent research reports. Morgan Stanley restated an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods upped their price objective on Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Barclays boosted their price target on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group downgraded 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Everest Group currently has a consensus rating of "Hold" and an average price target of $411.89.

Everest Group Company 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.