Wealthstar Advisors LLC purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 972 shares of the company's stock, valued at approximately $352,000.
Other hedge funds have also modified their holdings of the company. Eastern Bank acquired a new position in Everest Group during the third quarter valued at $35,000. Brooklyn Investment Group purchased a new position in shares of Everest Group during the 3rd quarter valued at about $39,000. Private Trust Co. NA raised its stake in shares of Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company's stock valued at $52,000 after buying an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Everest Group in the 3rd quarter valued at about $64,000. Finally, Avior Wealth Management LLC boosted its stake in shares of Everest Group by 22.4% in the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after buying an additional 47 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on EG. Barclays lifted their price target on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. TD Cowen cut their target price on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a report on Monday, November 18th. Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Wells Fargo & Company cut their price objective on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $416.50.
Check Out Our Latest Analysis on Everest Group
Everest Group Price Performance
NYSE:EG traded up $4.19 during trading hours on Thursday, reaching $335.77. 273,600 shares of the company were exchanged, compared to its average volume of 441,010. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a market cap of $14.43 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30. The stock's 50-day moving average is $356.79 and its 200-day moving average is $372.23.
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 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%. On average, sell-side analysts anticipate that Everest Group, Ltd. will post 53.11 earnings per share for the current fiscal year.
About Everest Group
(
Free Report)
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.
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