Rhumbline Advisers Decreases Position in Everest Group, Ltd. (NYSE:EG)

Rhumbline Advisers decreased its stake in Everest Group, Ltd. (NYSE:EG) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,897 shares of the company’s stock after selling 2,076 shares during the period. Rhumbline Advisers owned approximately 0.18% of Everest Group worth $27,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dakota Wealth Management lifted its stake in shares of Everest Group by 1.7% in the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock worth $705,000 after acquiring an additional 32 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of Everest Group by 19.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock worth $71,000 after acquiring an additional 32 shares in the last quarter. Steph & Co. lifted its stake in shares of Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company’s stock worth $133,000 after acquiring an additional 35 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its stake in shares of Everest Group by 2.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock worth $481,000 after acquiring an additional 35 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in Everest Group by 5.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock valued at $239,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

EG has been the topic of several research reports. Jefferies Financial Group cut 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 note on Tuesday, November 26th. Barclays upped their price objective on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods upped their price objective on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Morgan Stanley restated an “equal weight” rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Finally, BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Everest Group presently has an average rating of “Hold” and an average target price of $416.50.

Everest Group Stock Down 0.6 %

NYSE:EG opened at $336.23 on Thursday. The firm has a market capitalization of $14.45 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65. The stock has a 50 day moving average of $354.32 and a 200-day moving average of $370.93. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week 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 issued its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share (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 predict that Everest Group, Ltd. will post 53.15 EPS for the current 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.