Everest Group, Ltd. (NYSE:EG) Shares Sold by Principal Securities Inc.

Principal Securities Inc. trimmed its stake in shares of Everest Group, Ltd. (NYSE:EG) by 68.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 496 shares of the company’s stock after selling 1,063 shares during the quarter. Principal Securities Inc.’s holdings in Everest Group were worth $180,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group bought a new stake in Everest Group in the 3rd quarter valued at about $39,000. Private Trust Co. NA raised its holdings 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 valued at $52,000 after buying an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Everest Group during the third quarter worth approximately $64,000. Avior Wealth Management LLC boosted its position in shares of Everest Group by 22.4% during the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock worth $93,000 after buying an additional 47 shares during the period. Finally, Steph & Co. grew its holdings in Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock worth $133,000 after buying an additional 35 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the topic of several recent analyst reports. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Wells Fargo & Company decreased their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. TD Cowen lowered their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Finally, BMO Capital Markets lowered 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 note on Thursday, January 30th. Six 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, the company has an average rating of “Hold” and a consensus price target of $416.50.

Everest Group Price Performance

Shares of NYSE EG opened at $340.50 on Tuesday. The firm has a 50-day moving average of $352.98 and a two-hundred day moving average of $370.56. The company has a market capitalization of $14.63 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 0.24 and a beta of 0.65. 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, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30.

Everest Group (NYSE:EG) last issued its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. As a group, analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal 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.