Lecap Asset Management Ltd. Sells 5,300 Shares of Everest Group, Ltd. (NYSE:EG)

Lecap Asset Management Ltd. lowered its stake in Everest Group, Ltd. (NYSE:EG) by 65.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,786 shares of the company’s stock after selling 5,300 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Everest Group were worth $1,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC raised its position in Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after buying an additional 52 shares during the last quarter. Eastern Bank bought a new position in shares of Everest Group during the 3rd quarter worth approximately $35,000. Brooklyn Investment Group acquired a new stake in shares of Everest Group in the third quarter valued at approximately $39,000. Private Trust Co. NA lifted its position in shares of Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after purchasing an additional 45 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Everest Group during the third quarter worth $64,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities research analysts have 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 research note on Tuesday, January 14th. TD Cowen dropped their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Keefe, Bruyette & Woods increased their price target on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Barclays increased their price objective on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $411.89.

Everest Group Stock Up 0.5 %

EG opened at $338.02 on Friday. The stock’s fifty day simple moving average is $361.48 and its 200 day simple moving average is $373.87. Everest Group, Ltd. has a 1-year low of $333.05 and a 1-year high of $407.30. The stock has a market cap of $14.53 billion, a PE ratio of 5.29, a price-to-earnings-growth ratio of 2.50 and a beta of 0.65. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 16.99% and a return on equity of 22.45%. As a group, research analysts expect that Everest Group, Ltd. will post 36.3 earnings per share for the current year.

Everest Group Company 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.