Everest Group, Ltd. (NYSE:EG) Shares Sold by Quent Capital LLC

Quent Capital LLC lowered its position in Everest Group, Ltd. (NYSE:EG) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 611 shares of the company’s stock after selling 33 shares during the quarter. Quent Capital LLC’s holdings in Everest Group were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC raised its position in Everest Group by 12,263.1% in the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock valued at $162,766,000 after purchasing an additional 412,040 shares during the period. World Investment Advisors LLC purchased a new position in Everest Group in the third quarter valued at about $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Everest Group by 442.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock valued at $120,744,000 after purchasing an additional 251,337 shares during the period. Assetmark Inc. raised its position in Everest Group by 39.7% in the third quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock valued at $160,646,000 after purchasing an additional 116,559 shares during the period. Finally, FMR LLC raised its position in Everest Group by 21.5% in the third quarter. FMR LLC now owns 410,861 shares of the company’s stock valued at $160,988,000 after purchasing an additional 72,822 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Down 1.1 %

Shares of Everest Group stock opened at $331.96 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a market cap of $14.27 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.22 and a beta of 0.65. Everest Group, Ltd. has a fifty-two week low of $327.37 and a fifty-two week high of $407.30. The business has a 50-day moving average price of $357.57 and a 200 day moving average price of $372.49.

Everest Group (NYSE:EG) last announced 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 7.95% and a return on equity of 9.04%. On average, sell-side analysts forecast that Everest Group, Ltd. will post 53.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on EG. Barclays raised their price objective on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. TD Cowen cut their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Morgan Stanley reissued an “equal weight” rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets lowered 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. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $416.50.

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.