Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,605 shares of the company’s stock after acquiring an additional 133 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Everest Group were worth $1,669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Silver Oak Securities Incorporated purchased a new stake in shares of Everest Group during the fourth quarter worth about $721,000. Choreo LLC boosted its holdings in Everest Group by 38.4% in the 4th quarter. Choreo LLC now owns 862 shares of the company’s stock worth $310,000 after buying an additional 239 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Everest Group by 44.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,013 shares of the company’s stock worth $1,444,000 after buying an additional 1,237 shares in the last quarter. CENTRAL TRUST Co increased its stake in Everest Group by 44.3% during the 4th quarter. CENTRAL TRUST Co now owns 518 shares of the company’s stock worth $188,000 after buying an additional 159 shares in the last quarter. Finally, Greenleaf Trust raised its holdings in shares of Everest Group by 3.8% during the fourth quarter. Greenleaf Trust now owns 1,213 shares of the company’s stock valued at $440,000 after acquiring an additional 44 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Price Performance

Shares of EG stock opened at $333.70 on Tuesday. The firm’s 50-day moving average is $359.49 and its two-hundred day moving average is $373.10. Everest Group, Ltd. has a 12 month low of $333.05 and a 12 month 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 company has a market capitalization of $14.34 billion, a PE ratio of 10.62, a price-to-earnings-growth 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) 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%. Analysts predict that Everest Group, Ltd. will post 53.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and lifted their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Barclays lifted their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Wells Fargo & Company reduced their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, TD Cowen decreased their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $411.89.

Insider Buying and Selling at Everest Group

In related news, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value of $74,000.00. Following the sale, the chief operating officer now directly owns 15,009 shares in the company, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

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.