Yousif Capital Management LLC Sells 84 Shares of Everest Group, Ltd. (NYSE:EG)

Yousif Capital Management LLC decreased its holdings in Everest Group, Ltd. (NYSE:EG) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,461 shares of the company’s stock after selling 84 shares during the quarter. Yousif Capital Management LLC’s holdings in Everest Group were worth $1,979,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in Everest Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company’s stock valued at $453,818,000 after buying an additional 16,180 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Everest Group by 6.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company’s stock valued at $192,267,000 after buying an additional 30,458 shares during the last quarter. Mizuho Securities USA LLC increased its stake in Everest Group by 12,263.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock valued at $162,766,000 after buying an additional 412,040 shares during the last quarter. FMR LLC increased its stake in Everest Group by 21.5% in the 3rd quarter. FMR LLC now owns 410,861 shares of the company’s stock valued at $160,988,000 after buying an additional 72,822 shares during the last quarter. Finally, Assetmark Inc. increased its stake in Everest Group by 39.7% in the 3rd quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock valued at $160,646,000 after buying an additional 116,559 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Stock Up 0.7 %

EG opened at $335.95 on Wednesday. The company has a 50 day moving average of $358.51 and a 200 day moving average of $372.77. The company has a market cap of $14.44 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. 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 announced its quarterly 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%. On average, sell-side analysts expect that Everest Group, Ltd. will post 53.11 EPS for the current year.

Analysts Set New Price Targets

EG has been the subject of several research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Wells Fargo & Company decreased their price target on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, Barclays raised their price target on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $411.89.

Insider Buying and Selling at Everest Group

In other news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction 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 of the company’s stock, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

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.