Entropy Technologies LP Purchases 2,307 Shares of Everest Group, Ltd. (NYSE:EG)

Entropy Technologies LP grew its position in shares of Everest Group, Ltd. (NYSE:EG) by 85.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,009 shares of the company’s stock after buying an additional 2,307 shares during the period. Entropy Technologies LP’s holdings in Everest Group were worth $1,816,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its position 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 during the period. Sanctuary Advisors LLC acquired a new position in shares of Everest Group during the 2nd quarter worth approximately $466,000. Wedmont Private Capital increased its holdings in shares of Everest Group by 4.8% during the third quarter. Wedmont Private Capital now owns 638 shares of the company’s stock worth $238,000 after purchasing an additional 29 shares during the period. Gilman Hill Asset Management LLC increased its holdings in shares of Everest Group by 0.9% during the third quarter. Gilman Hill Asset Management LLC now owns 7,008 shares of the company’s stock worth $2,746,000 after purchasing an additional 60 shares during the period. Finally, Vista Investment Partners LLC raised its position in shares of Everest Group by 1.1% in the third quarter. Vista Investment Partners LLC now owns 7,819 shares of the company’s stock valued at $3,064,000 after buying an additional 86 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on EG shares. Barclays raised their price objective on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Morgan Stanley restated an “equal weight” rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Wells Fargo & Company cut their price objective 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. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and raised their target price for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Finally, TD Cowen cut their price target 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $411.89.

Everest Group Trading Up 0.5 %

Shares of Everest Group stock opened at $338.02 on Monday. The firm’s 50 day moving average is $360.50 and its 200 day moving average is $373.39. The firm has a market capitalization of $14.53 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65. Everest Group, Ltd. has a 1 year low of $333.05 and a 1 year high of $407.30. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

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

Insiders Place Their Bets

In related news, COO James Allan Williamson sold 200 shares of Everest Group 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.