Chevy Chase Trust Holdings LLC Sells 647 Shares of Everest Group, Ltd. (NYSE:EG)

Chevy Chase Trust Holdings LLC lowered its position in Everest Group, Ltd. (NYSE:EG) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,584 shares of the company’s stock after selling 647 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Everest Group worth $8,186,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of 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 in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Everest Group by 6.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company’s stock worth $192,267,000 after purchasing an additional 30,458 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in Everest Group by 12,263.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after purchasing an additional 412,040 shares in the last quarter. FMR LLC increased its holdings in Everest Group by 21.5% during the 3rd quarter. FMR LLC now owns 410,861 shares of the company’s stock worth $160,988,000 after purchasing an additional 72,822 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Everest Group by 39.7% during the 3rd quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock worth $160,646,000 after purchasing an additional 116,559 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EG. 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 report on Monday, November 18th. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods raised their price objective on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Barclays raised their price objective on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their price objective on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $416.50.

Everest Group Trading Down 0.7 %

Everest Group stock opened at $333.18 on Tuesday. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 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 stock has a market capitalization of $14.32 billion, a P/E ratio of 10.61, a PEG ratio of 0.22 and a beta of 0.65. The stock has a 50-day simple moving average of $355.33 and a 200 day simple moving average of $371.36.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) EPS 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%. Analysts expect that Everest Group, Ltd. will post 53.11 earnings per share for the current year.

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.