Abacus Planning Group Inc. Has $469,000 Position in Everest Group, Ltd. (NYSE:EG)

Abacus Planning Group Inc. grew its holdings in Everest Group, Ltd. (NYSE:EG) by 27.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,293 shares of the company’s stock after purchasing an additional 282 shares during the quarter. Abacus Planning Group Inc.’s holdings in Everest Group were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in shares of Everest Group by 179.0% during the 3rd quarter. Blue Trust Inc. now owns 452 shares of the company’s stock worth $172,000 after buying an additional 290 shares in the last quarter. Raymond James & Associates lifted its position in shares of Everest Group by 29.6% during the 3rd quarter. Raymond James & Associates now owns 31,966 shares of the company’s stock valued at $12,525,000 after acquiring an additional 7,306 shares during the period. Foundations Investment Advisors LLC acquired a new position in shares of Everest Group during the 3rd quarter valued at $245,000. Signaturefd LLC boosted its stake in Everest Group by 51.4% during the third quarter. Signaturefd LLC now owns 536 shares of the company’s stock worth $210,000 after acquiring an additional 182 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Everest Group in the third quarter worth $35,000. Institutional investors own 92.64% of the company’s stock.

Everest Group Trading Down 0.6 %

Shares of Everest Group stock opened at $336.23 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $354.32 and a 200 day simple moving average of $370.93. Everest Group, Ltd. has a 12-month low of $327.37 and a 12-month high of $407.30. The company has a market capitalization of $14.45 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65.

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 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%. On average, sell-side analysts anticipate that Everest Group, Ltd. will post 53.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EG has been the topic of several research reports. BMO Capital Markets lowered shares of Everest Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Barclays increased their price target on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.