South Dakota Investment Council Has $33.46 Million Position in Everest Group, Ltd. (NYSE:EG)

South Dakota Investment Council lifted its position in shares of Everest Group, Ltd. (NYSE:EG) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,310 shares of the company’s stock after purchasing an additional 14,125 shares during the period. Everest Group accounts for 0.7% of South Dakota Investment Council’s portfolio, making the stock its 17th largest holding. South Dakota Investment Council owned 0.21% of Everest Group worth $33,459,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Fisher Funds Management LTD acquired a new position in shares of Everest Group during the 4th quarter worth about $10,440,000. Ipswich Investment Management Co. Inc. acquired a new position in Everest Group in the 4th quarter valued at about $761,000. VisionPoint Advisory Group LLC acquired a new position in Everest Group in the 4th quarter valued at about $304,000. Hussman Strategic Advisors Inc. bought a new stake in Everest Group in the 4th quarter valued at about $761,000. Finally, Handelsbanken Fonder AB boosted its holdings in Everest Group by 166.9% in the 4th quarter. Handelsbanken Fonder AB now owns 6,368 shares of the company’s stock valued at $2,308,000 after purchasing an additional 3,982 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Price Performance

EG stock opened at $337.40 on Friday. 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 1 year low of $327.37 and a 1 year high of $407.30. The company has a 50 day simple moving average of $353.32 and a 200 day simple moving average of $370.66. The stock has a market cap of $14.50 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 0.24 and a beta of 0.65.

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

Analysts Set New Price Targets

A number of research firms have issued reports on EG. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Morgan Stanley reissued an “equal weight” rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. 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 report on Monday, November 18th. Finally, BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $453.00 to $375.00 in a 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 company. According to data from MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and an average price target of $416.50.

About Everest Group

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.