Empowered Funds LLC Acquires 20,011 Shares of Everest Group, Ltd. (NYSE:EG)

Empowered Funds LLC increased its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 208.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,633 shares of the company’s stock after acquiring an additional 20,011 shares during the period. Empowered Funds LLC owned approximately 0.07% of Everest Group worth $10,741,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of EG. Cetera Investment Advisers boosted its stake in Everest Group by 9.0% during the second quarter. Cetera Investment Advisers now owns 5,316 shares of the company’s stock worth $2,026,000 after acquiring an additional 437 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Everest Group in the second quarter worth about $466,000. Wedmont Private Capital raised its holdings in Everest Group by 4.8% in the third quarter. Wedmont Private Capital now owns 638 shares of the company’s stock worth $238,000 after buying an additional 29 shares during the last quarter. Gilman Hill Asset Management LLC raised its holdings in Everest Group by 0.9% in the third quarter. Gilman Hill Asset Management LLC now owns 7,008 shares of the company’s stock worth $2,746,000 after buying an additional 60 shares during the last quarter. Finally, Vista Investment Partners LLC raised its holdings in Everest Group by 1.1% in the third quarter. Vista Investment Partners LLC now owns 7,819 shares of the company’s stock worth $3,064,000 after buying an additional 86 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. 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 report on Tuesday, February 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Wells Fargo & Company decreased 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 report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted 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, TD Cowen decreased 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. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $411.89.

Insider Buying and Selling at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the company’s 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 completion of the sale, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by corporate insiders.

Everest Group Stock Up 0.5 %

EG opened at $338.02 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average price of $360.50 and a 200-day moving average price of $373.39. Everest Group, Ltd. has a twelve month low of $333.05 and a twelve month high of $407.30. The stock has a market capitalization of $14.53 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.22 and a beta of 0.65.

Everest Group (NYSE:EG) last announced its earnings results 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%. Equities research analysts forecast that Everest Group, Ltd. will post 53.11 earnings per share for the current year.

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.