Everest Group, Ltd. (NYSE:EG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Everest Group, Ltd. (NYSE:EG) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,216 shares of the company’s stock after selling 4,201 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Everest Group were worth $7,345,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Everest Group by 179.0% in the third quarter. Blue Trust Inc. now owns 452 shares of the company’s stock valued at $172,000 after purchasing an additional 290 shares during the period. Raymond James & Associates increased its holdings in shares of Everest Group by 29.6% in the third quarter. Raymond James & Associates now owns 31,966 shares of the company’s stock valued at $12,525,000 after purchasing an additional 7,306 shares during the period. Foundations Investment Advisors LLC acquired a new position in shares of Everest Group in the third quarter valued at approximately $245,000. Signaturefd LLC increased its holdings in shares of Everest Group by 51.4% in the third quarter. Signaturefd LLC now owns 536 shares of the company’s stock valued at $210,000 after purchasing an additional 182 shares during the period. Finally, Eastern Bank acquired a new position in shares of Everest Group in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Performance

Shares of 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 P/E/G ratio of 0.22 and a beta of 0.65. 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 business has a 50-day moving average of $354.32 and a two-hundred day moving average of $370.93. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate 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, research analysts forecast that Everest Group, Ltd. will post 53.15 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EG shares. Keefe, Bruyette & Woods boosted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Barclays upped their price objective on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. 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 report on Monday, November 18th. Finally, Wells Fargo & Company dropped their price objective 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $416.50.

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.