Silver Oak Securities Incorporated Invests $721,000 in Everest Group, Ltd. (NYSE:EG)

Silver Oak Securities Incorporated purchased a new stake in Everest Group, Ltd. (NYSE:EG) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,005 shares of the company’s stock, valued at approximately $721,000.

Other hedge funds have also recently bought and sold shares of the company. Wedmont Private Capital grew its stake in Everest Group by 4.8% in the third quarter. Wedmont Private Capital now owns 638 shares of the company’s stock worth $238,000 after purchasing an additional 29 shares in the last quarter. Dakota Wealth Management grew its position in shares of Everest Group by 1.7% in the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock worth $705,000 after acquiring an additional 32 shares in the last quarter. Steph & Co. increased its holdings in shares of Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after acquiring an additional 35 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock valued at $239,000 after acquiring an additional 37 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in Everest Group by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock worth $4,392,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Up 0.5 %

EG stock opened at $338.02 on Friday. Everest Group, Ltd. has a 52 week low of $333.05 and a 52 week high of $407.30. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 5.29, a price-to-earnings-growth ratio of 2.50 and a beta of 0.65. The firm’s 50-day moving average is $361.48 and its two-hundred day moving average is $373.87. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 16.99% and a return on equity of 22.45%. On average, analysts forecast that Everest Group, Ltd. will post 36.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EG has been the topic of a number of research reports. Wells Fargo & Company dropped 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 report on Tuesday, January 14th. BMO Capital Markets lowered shares of Everest Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Morgan Stanley restated an “equal weight” rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a research note on Wednesday. Barclays increased 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. Finally, Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Everest Group presently has an average rating of “Hold” and a consensus target price of $411.89.

Insider Buying and Selling

In related news, COO James Allan Williamson sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,009 shares in the company, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

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.