Blackhawk Capital Partners LLC. Buys 160 Shares of Everest Group, Ltd. (NYSE:EG)

Blackhawk Capital Partners LLC. raised its stake in shares of Everest Group, Ltd. (NYSE:EG) by 29.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 706 shares of the company’s stock after buying an additional 160 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Everest Group were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EG. Raymond James & Associates grew its stake in Everest Group by 29.6% during the third quarter. Raymond James & Associates now owns 31,966 shares of the company’s stock valued at $12,525,000 after acquiring an additional 7,306 shares in the last quarter. Signaturefd LLC grew its position in shares of Everest Group by 51.4% during the 3rd quarter. Signaturefd LLC now owns 536 shares of the company’s stock valued at $210,000 after purchasing an additional 182 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Everest Group in the third quarter worth $333,000. International Assets Investment Management LLC purchased a new stake in shares of Everest Group in the third quarter worth $8,905,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Everest Group by 45.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,776 shares of the company’s stock valued at $1,097,000 after buying an additional 869 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays upped their target price on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and raised their target price for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. TD Cowen cut their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Keefe, Bruyette & Woods raised their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Finally, Morgan Stanley reiterated 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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 company’s fifty day moving average is $352.98 and its 200 day moving average is $370.56. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30. The stock has a market cap of $14.63 billion, a PE ratio of 10.84, a PEG ratio of 0.24 and a beta of 0.65.

Everest Group (NYSE:EG) last released its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. Research analysts anticipate that Everest Group, Ltd. will post 47.93 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.