Everest Group, Ltd. (NYSE:EG) Shares Purchased by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich increased its holdings in Everest Group, Ltd. (NYSE:EG) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,328 shares of the company’s stock after buying an additional 35 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in Everest Group were worth $481,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Avidian Wealth Enterprises LLC boosted its stake in shares of Everest Group by 3.3% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,401 shares of the company’s stock worth $870,000 after buying an additional 76 shares during the last quarter. Hartford Investment Management Co. lifted its holdings in Everest Group by 1.5% in the fourth quarter. Hartford Investment Management Co. now owns 3,543 shares of the company’s stock valued at $1,284,000 after acquiring an additional 54 shares during the period. Equitable Trust Co. boosted its position in 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 acquired a new stake in shares of Everest Group during the 4th quarter worth approximately $352,000. Finally, Entropy Technologies LP increased its holdings in shares of Everest Group by 85.4% during the 4th 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. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Stock Performance

NYSE EG opened at $335.95 on Wednesday. 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 1-year low of $327.37 and a 1-year high of $407.30. The company has a market cap of $14.44 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65. The stock’s 50 day simple moving average is $358.51 and its 200-day simple moving average is $372.77.

Everest Group (NYSE:EG) last announced its quarterly earnings data 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 net margin of 7.95% and a return on equity of 9.04%. As a group, equities research analysts anticipate that Everest Group, Ltd. will post 53.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EG shares. Wells Fargo & Company lowered 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 report on Tuesday, January 14th. Barclays increased their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. TD Cowen cut their price target 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. Keefe, Bruyette & Woods increased their price target on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $411.89.

Insider Transactions at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,009 shares in the company, valued at $5,553,330. This represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

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.