Everest Group, Ltd. (NYSE:EG) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its holdings in Everest Group, Ltd. (NYSE:EG) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,543 shares of the company’s stock after acquiring an additional 8,212 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of Everest Group worth $13,970,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Mizuho Securities USA LLC lifted its position in Everest Group by 12,263.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after acquiring an additional 412,040 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Everest Group during the third quarter valued at approximately $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Everest Group by 442.4% during 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 purchasing an additional 251,337 shares in the last quarter. Assetmark Inc. boosted its stake in shares of 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 purchasing an additional 116,559 shares during the period. Finally, Truist Financial Corp grew its holdings in Everest Group by 7,580.7% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Trading Down 0.2 %

Shares of NYSE EG opened at $337.40 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is $353.32 and its two-hundred day moving average price is $370.73. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30. The stock has a market capitalization of $14.50 billion, a P/E ratio of 10.74, a PEG ratio of 0.24 and a beta of 0.65.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing the consensus estimate 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 anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on EG shares. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. 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 research note on Tuesday, January 14th. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and upped their target price for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, TD Cowen reduced their target price 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. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $416.50.

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.