Lester Murray Antman dba SimplyRich Increases Stock Position in Everest Group, Ltd. (NYSE:EG)

Lester Murray Antman dba SimplyRich raised its stake in shares of Everest Group, Ltd. (NYSE:EG) by 2.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,328 shares of the company’s stock after purchasing an additional 35 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Everest Group were worth $481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EG. Eastern Bank acquired a new position in Everest Group in the 3rd quarter valued at about $35,000. Brooklyn Investment Group purchased a new position in shares of Everest Group in the third quarter valued at approximately $39,000. Private Trust Co. NA grew its holdings in shares of Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after purchasing an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Everest Group during the 3rd quarter worth approximately $64,000. Finally, Avior Wealth Management LLC lifted its holdings in Everest Group by 22.4% during the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock worth $93,000 after buying an additional 47 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Price Performance

EG stock opened at $335.95 on Wednesday. The stock has a market cap of $14.44 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 0.22 and a beta of 0.65. 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 quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $358.51 and a 200 day moving average price of $372.77.

Everest Group (NYSE:EG) last issued its 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 7.95% and a return on equity of 9.04%. Equities research analysts anticipate that Everest Group, Ltd. will post 53.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EG has been the subject of several research reports. Morgan Stanley restated an “equal weight” rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. TD Cowen lowered their target price 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. Barclays increased 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. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $411.89.

Insider Buying and Selling at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction that occurred 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 owns 15,009 shares in the company, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.

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.