Everest Group, Ltd. (NYSE:EG) Shares Sold by Quent Capital LLC

Quent Capital LLC cut its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 611 shares of the company’s stock after selling 33 shares during the period. Quent Capital LLC’s holdings in Everest Group were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank bought a new stake in Everest Group during the third quarter worth approximately $35,000. Brooklyn Investment Group bought a new position in shares of Everest Group in the third quarter valued at $39,000. Private Trust Co. NA increased its holdings in shares of Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after buying an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Everest Group in the third quarter valued at $64,000. Finally, Avior Wealth Management LLC increased its holdings in shares of Everest Group by 22.4% in 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 in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EG has been the topic of several research reports. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Morgan Stanley reissued an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Barclays boosted their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company cut their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $416.50.

Everest Group Trading Down 1.1 %

Everest Group stock opened at $331.96 on Thursday. The company’s fifty day simple moving average is $357.57 and its 200-day simple moving average is $372.49. 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 12 month low of $327.37 and a 12 month high of $407.30. The stock has a market cap of $14.27 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.22 and a beta of 0.65.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. As a group, sell-side analysts forecast that Everest Group, Ltd. will post 53.11 EPS for the current fiscal 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.