Everest Group, Ltd. (NYSE:EG) Shares Sold by ING Groep NV

ING Groep NV cut its stake in Everest Group, Ltd. (NYSE:EG) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,942 shares of the company’s stock after selling 239 shares during the period. ING Groep NV’s holdings in Everest Group were worth $704,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EG. Brooklyn Investment Group purchased a new position in Everest Group in the third quarter valued at $39,000. Private Trust Co. NA boosted its holdings in 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 during the period. Wilmington Savings Fund Society FSB purchased a new position in Everest Group in the third quarter valued at $64,000. Avior Wealth Management LLC boosted its holdings in Everest Group by 22.4% in the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock valued at $93,000 after purchasing an additional 47 shares during the period. Finally, Steph & Co. boosted its holdings in Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after purchasing an additional 35 shares during the period. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Stock Up 1.0 %

Everest Group stock opened at $340.50 on Tuesday. 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 debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $14.63 billion, a P/E ratio of 10.84, a PEG ratio of 0.24 and a beta of 0.65. The stock has a 50-day simple moving average of $352.98 and a 200-day simple moving average of $370.56.

Everest Group (NYSE:EG) last posted its 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 net margin of 7.95% and a return on equity of 9.04%. Equities research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on EG shares. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and lifted their price target for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. TD Cowen decreased their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and a consensus price target 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.