Y Intercept Hong Kong Ltd Decreases Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Y Intercept Hong Kong Ltd lowered its position in shares of Everest Group, Ltd. (NYSE:EG) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,242 shares of the company’s stock after selling 356 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Everest Group were worth $1,175,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new stake in shares of Everest Group during the third quarter worth about $333,000. International Assets Investment Management LLC bought a new position in Everest Group during the 3rd quarter valued at approximately $8,905,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Everest Group by 45.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,776 shares of the company’s stock worth $1,097,000 after buying an additional 869 shares during the period. Forsta AP Fonden lifted its holdings in Everest Group by 83.9% in the 3rd quarter. Forsta AP Fonden now owns 11,400 shares of the company’s stock worth $4,467,000 after buying an additional 5,200 shares during the period. Finally, Arkadios Wealth Advisors grew its position in shares of Everest Group by 5.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 903 shares of the company’s stock worth $354,000 after buying an additional 47 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on EG shares. Keefe, Bruyette & Woods upped their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. 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 report on Tuesday, February 4th. BMO Capital Markets lowered shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, TD Cowen lowered their price objective 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $416.50.

Everest Group Trading Up 0.2 %

Shares of NYSE EG opened at $343.93 on Thursday. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 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 has a 50-day moving average of $352.68 and a 200 day moving average of $370.23. The stock has a market cap of $14.78 billion, a P/E ratio of 10.95, a price-to-earnings-growth 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 (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%. As a group, sell-side analysts expect 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.