Avidian Wealth Enterprises LLC Buys 76 Shares of Everest Group, Ltd. (NYSE:EG)

Avidian Wealth Enterprises LLC grew its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 3.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,401 shares of the company’s stock after buying an additional 76 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Everest Group were worth $870,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in Everest Group during the second quarter worth $466,000. Vista Investment Partners LLC grew its position in Everest Group by 1.1% during the 3rd quarter. Vista Investment Partners LLC now owns 7,819 shares of the company’s stock worth $3,064,000 after purchasing an additional 86 shares during the period. V Square Quantitative Management LLC grew its position in Everest Group by 8.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 767 shares of the company’s stock worth $301,000 after purchasing an additional 58 shares during the period. Blue Trust Inc. grew its position in Everest Group by 179.0% during the 3rd quarter. Blue Trust Inc. now owns 452 shares of the company’s stock worth $172,000 after purchasing an additional 290 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of Everest Group by 29.6% during the 3rd quarter. Raymond James & Associates now owns 31,966 shares of the company’s stock worth $12,525,000 after acquiring an additional 7,306 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Stock Down 1.1 %

EG stock opened at $331.96 on Thursday. The company’s 50 day simple moving average is $357.57 and its 200-day simple moving average is $372.49. The firm has a market capitalization of $14.27 billion, a PE ratio of 10.57, a P/E/G ratio of 0.22 and a beta of 0.65. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40.

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

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 decreased their price target for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price target on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Finally, TD Cowen cut their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Everest Group currently has an average rating of “Hold” and a consensus target price of $416.50.

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.