Everest Group, Ltd. (NYSE:EG) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 9.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,881 shares of the company’s stock after purchasing an additional 1,567 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Everest Group were worth $6,436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its stake in Everest Group by 152.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company’s stock valued at $8,225,000 after acquiring an additional 13,687 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Everest Group by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company’s stock worth $30,747,000 after buying an additional 12,791 shares in the last quarter. Brophy Wealth Management LLC bought a new stake in shares of Everest Group in the 3rd quarter worth $749,000. Intech Investment Management LLC raised its stake in shares of Everest Group by 13.1% in the 3rd quarter. Intech Investment Management LLC now owns 27,324 shares of the company’s stock worth $10,706,000 after buying an additional 3,166 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Everest Group by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company’s stock worth $21,117,000 after buying an additional 2,818 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EG. TD Cowen dropped their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Wells Fargo & Company decreased their target price on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $340.00 price target (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Everest Group presently has an average rating of “Hold” and an average target price of $416.50.

Everest Group Stock Performance

Shares of NYSE EG opened at $337.83 on Wednesday. The business’s 50-day moving average price is $354.83 and its two-hundred day moving average price is $371.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group, Ltd. has a one year low of $327.37 and a one year high of $407.30. The company has a market capitalization of $14.52 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65.

Everest Group (NYSE:EG) last issued its 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 net margin of 7.95% and a return on equity of 9.04%. Analysts anticipate that Everest Group, Ltd. will post 53.11 earnings per share for the current fiscal year.

Everest Group Company 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.