Everest Group, Ltd. (NYSE:EG) Shares Sold by Bank of Stockton

Bank of Stockton lessened its stake in shares of Everest Group, Ltd. (NYSE:EG) by 19.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,140 shares of the company’s stock after selling 273 shares during the quarter. Bank of Stockton’s holdings in Everest Group were worth $413,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Eastern Bank acquired a new position in shares of Everest Group during the third quarter valued at approximately $35,000. Brooklyn Investment Group acquired a new position in Everest Group in the third quarter worth approximately $39,000. Private Trust Co. NA grew its position in Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after buying an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Everest Group in the third quarter worth approximately $64,000. Finally, Avior Wealth Management LLC grew its position in 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. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 0.6 %

Shares of EG stock opened at $338.32 on Friday. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 year high of $407.30. The firm’s fifty day simple moving average is $353.83 and its 200 day simple moving average is $370.70. The firm has a market capitalization of $14.54 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 0.23 and a beta of 0.65. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG) last posted 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 return on equity of 9.04% and a net margin of 7.95%. As a group, sell-side analysts predict that Everest Group, Ltd. will post 50.51 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Barclays lifted their price objective on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, TD Cowen lowered their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Everest Group has an average rating of “Hold” and a consensus 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.