Hussman Strategic Advisors Inc. Takes Position in Everest Group, Ltd. (NYSE:EG)

Hussman Strategic Advisors Inc. purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,100 shares of the company’s stock, valued at approximately $761,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eastern Bank bought a new stake in shares of Everest Group during the third quarter valued at about $35,000. Brooklyn Investment Group bought a new position in shares of Everest Group in the third quarter worth approximately $39,000. Private Trust Co. NA increased its position in shares of Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after purchasing an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Everest Group in the third quarter worth approximately $64,000. Finally, Avior Wealth Management LLC increased its position in shares of Everest Group by 22.4% in the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock worth $93,000 after purchasing an additional 47 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Morgan Stanley restated 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. Wells Fargo & Company decreased their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Barclays upped their price objective on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods upped their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and reduced 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 given a buy rating to the stock. According to MarketBeat, Everest Group has an average rating of “Hold” and an average price target of $416.50.

Everest Group Stock Up 0.6 %

Shares of NYSE EG opened at $338.32 on Friday. Everest Group, Ltd. has a one year low of $327.37 and a one year high of $407.30. 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’s 50 day simple moving average is $353.83 and its two-hundred day simple moving average is $370.70. The stock has a market capitalization of $14.54 billion, a P/E ratio of 10.77, a PEG ratio of 0.22 and a beta of 0.65.

Everest Group (NYSE:EG) last released its quarterly earnings data 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%. As a group, analysts expect that Everest Group, Ltd. will post 53.15 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.