BayBridge Capital Group LLC Buys 204 Shares of Everest Group, Ltd. (NYSE:EG)

BayBridge Capital Group LLC increased its position in Everest Group, Ltd. (NYSE:EG) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,140 shares of the company’s stock after buying an additional 204 shares during the period. BayBridge Capital Group LLC’s holdings in Everest Group were worth $1,138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of Everest Group by 152.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company’s stock valued at $8,225,000 after acquiring an additional 13,687 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Everest Group by 19.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company’s stock valued at $30,747,000 after purchasing an additional 12,791 shares in the last quarter. Brophy Wealth Management LLC bought a new stake in Everest Group during the 3rd quarter valued at $749,000. Intech Investment Management LLC raised its holdings in Everest Group by 13.1% during the third quarter. Intech Investment Management LLC now owns 27,324 shares of the company’s stock worth $10,706,000 after buying an additional 3,166 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Everest Group by 5.5% in the third quarter. Principal Financial Group Inc. now owns 53,892 shares of the company’s stock valued at $21,117,000 after buying an additional 2,818 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Trading Up 0.5 %

Shares of EG opened at $338.02 on Friday. The business has a 50-day moving average of $361.48 and a 200 day moving average of $373.87. Everest Group, Ltd. has a fifty-two week low of $333.05 and a fifty-two week high of $407.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $14.53 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) 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%. As a group, research analysts forecast that Everest Group, Ltd. will post 53.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley restated an “equal weight” rating and issued a $340.00 target price (down previously from $425.00) on shares of Everest Group in a report on Wednesday. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and increased their price objective for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. BMO Capital Markets cut 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 report on Thursday, January 30th. Wells Fargo & Company lowered their price target on 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. Finally, 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 report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Everest Group presently has an average rating of “Hold” and a consensus target price of $411.89.

Insiders Place Their Bets

In other Everest Group news, COO James Allan Williamson sold 200 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction of $74,000.00. Following the transaction, the chief operating officer now directly owns 15,009 shares in the company, valued at $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Everest Group Company 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.