Everest Group, Ltd. (NYSE:EG) Shares Sold by ING Groep NV

ING Groep NV lessened its stake in Everest Group, Ltd. (NYSE:EG) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,942 shares of the company’s stock after selling 239 shares during the period. ING Groep NV’s holdings in Everest Group were worth $704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Dakota Wealth Management increased its position in Everest Group by 1.7% in the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock valued at $705,000 after acquiring an additional 32 shares during the period. Wilmington Savings Fund Society FSB increased its position in Everest Group by 19.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock valued at $71,000 after acquiring an additional 32 shares during the period. Steph & Co. increased its position in Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after acquiring an additional 35 shares during the period. Lester Murray Antman dba SimplyRich increased its position in Everest Group by 2.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock valued at $481,000 after acquiring an additional 35 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in Everest Group by 5.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock valued at $239,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on EG. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods boosted their target price on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Barclays boosted their target price on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Everest Group presently has an average rating of “Hold” and a consensus price target of $416.50.

Everest Group Price Performance

Shares of NYSE:EG opened at $340.50 on Tuesday. The business’s 50 day simple moving average is $352.98 and its 200-day simple moving average is $370.56. The firm has a market capitalization of $14.63 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 0.24 and a beta of 0.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) 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%. As a group, equities analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal 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.