Wilmington Savings Fund Society FSB Acquires 32 Shares of Everest Group, Ltd. (NYSE:EG)

Wilmington Savings Fund Society FSB raised its position in Everest Group, Ltd. (NYSE:EG) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195 shares of the company’s stock after acquiring an additional 32 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Everest Group were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Dakota Wealth Management boosted its stake in Everest Group by 1.7% in the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock valued at $705,000 after acquiring an additional 32 shares in the last quarter. Steph & Co. boosted its stake in Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after acquiring an additional 35 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in Everest Group by 5.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock valued at $239,000 after acquiring an additional 37 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Everest Group by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock worth $4,392,000 after buying an additional 38 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Everest Group by 9.0% in the third quarter. Covestor Ltd now owns 520 shares of the company’s stock worth $204,000 after buying an additional 43 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EG. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Wells Fargo & Company decreased their price target on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. TD Cowen decreased their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. Finally, Barclays raised their price target on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $416.50.

Everest Group Trading Up 1.3 %

Shares of Everest Group stock opened at $335.77 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a fifty day moving average price of $356.79 and a 200 day moving average price of $372.23. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 year high of $407.30. The stock has a market cap of $14.43 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65.

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 return on equity of 9.04% and a net margin of 7.95%. Equities research analysts predict that Everest Group, Ltd. will post 53.11 earnings per share for the current 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.