Quartz Partners LLC Buys 551 Shares of Everest Group, Ltd. (NYSE:EG)

Quartz Partners LLC increased its stake in shares of Everest Group, Ltd. (NYSE:EG) by 12.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,129 shares of the company’s stock after purchasing an additional 551 shares during the period. Everest Group makes up 1.1% of Quartz Partners LLC’s investment portfolio, making the stock its 21st largest holding. Quartz Partners LLC’s holdings in Everest Group were worth $1,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Eastern Bank purchased a new stake in Everest Group during the 3rd quarter valued at $35,000. Brooklyn Investment Group purchased a new stake in Everest Group during the third quarter valued at $39,000. Private Trust Co. NA lifted its holdings in Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after acquiring an additional 45 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Everest Group in the third quarter worth about $64,000. Finally, Avior Wealth Management LLC grew its stake in shares of Everest Group by 22.4% during the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock valued at $93,000 after purchasing an additional 47 shares during the period. Institutional investors own 92.64% of the company’s stock.

Everest Group Price Performance

NYSE:EG opened at $337.40 on Monday. The business’s 50-day simple moving average is $353.32 and its two-hundred day simple moving average 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 cap of $14.50 billion, a PE ratio of 10.74, a P/E/G ratio of 0.24 and a beta of 0.65. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG) last issued 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 net margin of 7.95% and a return on equity of 9.04%. As a group, analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EG has been the topic of several recent research reports. TD Cowen lowered their price objective on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Barclays boosted their price objective on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company cut their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Everest Group presently has an average rating of “Hold” and an average price target of $416.50.

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.