Kentucky Retirement Systems Has $1.08 Million Holdings in Everest Group, Ltd. (NYSE:EG)

Kentucky Retirement Systems decreased its position in shares of Everest Group, Ltd. (NYSE:EG) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,974 shares of the company’s stock after selling 41 shares during the period. Kentucky Retirement Systems’ holdings in Everest Group were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Eastern Bank acquired a new stake in Everest Group during the 3rd quarter valued at $35,000. Brooklyn Investment Group acquired a new stake in shares of Everest Group in the third quarter valued at $39,000. Private Trust Co. NA increased its stake 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 valued at $52,000 after buying an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Everest Group in the third quarter valued at about $64,000. Finally, Avior Wealth Management LLC lifted its position in Everest Group by 22.4% during the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock worth $93,000 after buying an additional 47 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EG. BMO Capital Markets lowered shares of Everest Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and increased their price target for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Barclays boosted their price objective on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Keefe, Bruyette & Woods increased their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Everest Group currently has a consensus rating of “Hold” and a consensus price target of $416.50.

Everest Group Stock Down 0.2 %

Everest Group stock opened at $337.40 on Monday. The company has a 50 day moving average of $353.32 and a 200-day moving average of $370.73. 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 twelve month low of $327.37 and a twelve month high of $407.30. The stock has a market capitalization of $14.50 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.24 and a beta of 0.65.

Everest Group (NYSE:EG) last announced 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 return on equity of 9.04% and a net margin of 7.95%. On average, equities research analysts anticipate 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.