Louisiana State Employees Retirement System Sells 100 Shares of Everest Group, Ltd. (NYSE:EG)

Louisiana State Employees Retirement System lowered its position in shares of Everest Group, Ltd. (NYSE:EG) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,300 shares of the company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Everest Group were worth $834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Equitable Trust Co. boosted its position in shares of Everest Group by 97.7% in the 4th quarter. Equitable Trust Co. now owns 16,997 shares of the company’s stock worth $6,161,000 after purchasing an additional 8,398 shares in the last quarter. Wealthstar Advisors LLC purchased a new stake in Everest Group in the 4th quarter worth $352,000. Entropy Technologies LP grew its position in shares of Everest Group by 85.4% during the fourth quarter. Entropy Technologies LP now owns 5,009 shares of the company’s stock valued at $1,816,000 after purchasing an additional 2,307 shares in the last quarter. Empowered Funds LLC grew its position in shares of Everest Group by 208.0% during the fourth quarter. Empowered Funds LLC now owns 29,633 shares of the company’s stock valued at $10,741,000 after purchasing an additional 20,011 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Everest Group by 19.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock valued at $71,000 after acquiring an additional 32 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. TD Cowen cut their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Finally, Barclays upped their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $416.50.

Everest Group Stock Performance

Shares of NYSE:EG opened at $333.18 on Tuesday. The business’s fifty day moving average price is $355.33 and its two-hundred day moving average price is $371.36. 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 stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65. Everest Group, Ltd. has a fifty-two week low of $327.37 and a fifty-two week high of $407.30.

Everest Group (NYSE:EG) last released its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. As a group, analysts predict that Everest Group, Ltd. will post 53.11 EPS 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.