TFB Advisors LLC Sells 65 Shares of Everest Group, Ltd. (NYSE:EG)

TFB Advisors LLC reduced its stake in Everest Group, Ltd. (NYSE:EG) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,990 shares of the company’s stock after selling 65 shares during the period. TFB Advisors LLC’s holdings in Everest Group were worth $721,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EG. Eastern Bank purchased a new stake in shares of Everest Group in the third quarter worth $35,000. Brooklyn Investment Group purchased a new stake in Everest Group during the third quarter valued at about $39,000. Private Trust Co. NA raised its position in Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after purchasing an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Everest Group during the third quarter valued at about $64,000. Finally, Avior Wealth Management LLC grew its stake in shares of Everest Group by 22.4% during the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock valued at $93,000 after buying an additional 47 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

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 transaction, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is owned by insiders.

Everest Group Trading Up 0.7 %

Shares of Everest Group stock opened at $335.95 on Wednesday. The firm has a market cap of $14.44 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 0.22 and a beta of 0.65. The business has a 50-day moving average price of $358.51 and a 200-day moving average price of $372.77. 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.

Everest Group (NYSE:EG) last announced its quarterly 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 anticipate that Everest Group, Ltd. will post 53.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EG has been the topic of a number of recent research reports. TD Cowen reduced their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Barclays upped their price objective on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods increased their price target on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Wells Fargo & Company reduced their price objective on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $411.89.

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.