Wealthstar Advisors LLC Takes Position in Everest Group, Ltd. (NYSE:EG)

Wealthstar Advisors LLC purchased a new position in shares of Everest Group, Ltd. (NYSE:EG) in 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.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TD Cowen decreased their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, Barclays lifted their target price on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $411.89.

Insider Transactions at Everest Group

In related news, COO James Allan Williamson sold 200 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the sale, the chief operating officer now owns 15,009 shares in the company, valued at approximately $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

Everest Group Stock Performance

EG opened at $338.02 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 0.22 and a beta of 0.65. The business’s 50-day moving average price is $360.50 and its two-hundred day moving average price is $373.39. Everest Group, Ltd. has a 1 year low of $333.05 and a 1 year high of $407.30.

Everest Group (NYSE:EG) last released its earnings results on Monday, February 3rd. The company reported ($18.39) 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 analysts expect that Everest Group, Ltd. will post 53.11 EPS for the current fiscal year.

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.