Silver Oak Securities Incorporated Acquires New Shares in Everest Group, Ltd. (NYSE:EG)

Silver Oak Securities Incorporated acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,005 shares of the company’s stock, valued at approximately $721,000.

A number of other institutional investors also recently bought and sold shares of EG. Bruce G. Allen Investments LLC grew its stake in Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after acquiring an additional 52 shares during the last quarter. Eastern Bank acquired a new stake in shares of Everest Group in the third quarter valued at approximately $35,000. Brooklyn Investment Group acquired a new position in shares of Everest Group during the 3rd quarter worth approximately $39,000. Private Trust Co. NA lifted its stake in Everest Group by 51.7% in the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after buying an additional 45 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Everest Group during the 3rd quarter valued at $64,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO James Allan Williamson sold 200 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the sale, the chief operating officer now directly owns 15,009 shares in the company, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Everest Group Stock Performance

Shares of NYSE:EG opened at $338.02 on Friday. The business has a 50-day moving average of $361.48 and a two-hundred day moving average of $373.87. The firm has a market capitalization of $14.53 billion, a PE ratio of 5.29, a P/E/G ratio of 2.50 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group, Ltd. has a 12 month low of $333.05 and a 12 month high of $407.30.

Everest Group (NYSE:EG) last posted its earnings results 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 22.45% and a net margin of 16.99%. As a group, research analysts forecast that Everest Group, Ltd. will post 36.3 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays boosted their price target on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday. Wells Fargo & Company decreased their price target on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. TD Cowen cut their price objective on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Keefe, Bruyette & Woods raised their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Seven 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 company presently has an average rating of “Hold” and a consensus target price of $411.89.

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.