2,100 Shares in Everest Group, Ltd. (NYSE:EG) Bought by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. acquired a new position in Everest Group, Ltd. (NYSE:EG) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,100 shares of the company’s stock, valued at approximately $761,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC lifted its position in shares of Everest Group by 12,263.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after buying an additional 412,040 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Everest Group during the third quarter worth about $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Everest Group by 442.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock worth $120,744,000 after acquiring an additional 251,337 shares during the last quarter. Assetmark Inc. boosted its stake in Everest Group by 39.7% in the third quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock valued at $160,646,000 after acquiring an additional 116,559 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of Everest Group by 7,580.7% during the fourth quarter. Truist Financial Corp now owns 92,936 shares of the company’s stock valued at $33,686,000 after purchasing an additional 91,726 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EG. Wells Fargo & Company cut their price target 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. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and raised their target price for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Morgan Stanley reissued 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. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Barclays boosted their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Six investment 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 has a consensus rating of “Hold” and an average target price of $416.50.

Everest Group Stock Down 0.2 %

Everest Group stock opened at $337.40 on Friday. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30. The stock has a market cap of $14.50 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 0.24 and a beta of 0.65. The company’s 50-day moving average price is $353.32 and its two-hundred day moving average price is $370.57. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG) last posted its quarterly earnings data 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%. On average, analysts expect that Everest Group, Ltd. will post 47.93 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.