Everest Group, Ltd. (NYSE:EG) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its holdings in Everest Group, Ltd. (NYSE:EG) by 166.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,368 shares of the company’s stock after purchasing an additional 3,982 shares during the period. Handelsbanken Fonder AB’s holdings in Everest Group were worth $2,308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Ieq Capital LLC grew its holdings in shares of Everest Group by 89.7% in the 4th quarter. Ieq Capital LLC now owns 1,614 shares of the company’s stock worth $585,000 after acquiring an additional 763 shares during the last quarter. Abacus Planning Group Inc. boosted its position in shares of Everest Group by 27.9% in the 4th quarter. Abacus Planning Group Inc. now owns 1,293 shares of the company’s stock valued at $469,000 after purchasing an additional 282 shares during the period. New York State Common Retirement Fund increased its stake in Everest Group by 27.1% in the 4th quarter. New York State Common Retirement Fund now owns 38,543 shares of the company’s stock worth $13,970,000 after purchasing an additional 8,212 shares in the last quarter. Buckingham Capital Management Inc. raised its holdings in Everest Group by 0.4% during the 4th quarter. Buckingham Capital Management Inc. now owns 28,289 shares of the company’s stock worth $10,254,000 after buying an additional 116 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new stake in Everest Group during the fourth quarter valued at about $325,000. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EG. Morgan Stanley reissued an “equal weight” rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. 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 report on Monday, November 18th. Barclays increased their target price on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Finally, BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Six investment 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 stock has an average rating of “Hold” and an average price target of $416.50.

Everest Group Trading Up 1.0 %

Everest Group stock opened at $340.50 on Tuesday. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. 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 stock has a market cap of $14.63 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.24 and a beta of 0.65. The company’s fifty day simple moving average is $352.98 and its 200-day simple moving average is $370.56.

Everest Group (NYSE:EG) last issued its earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal 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.