Y Intercept Hong Kong Ltd Sells 356 Shares of Everest Group, Ltd. (NYSE:EG)

Y Intercept Hong Kong Ltd lessened its position in Everest Group, Ltd. (NYSE:EG) by 9.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,242 shares of the company’s stock after selling 356 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Everest Group were worth $1,175,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in Everest Group in the 3rd quarter worth about $39,000. Private Trust Co. NA grew its stake 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 worth $52,000 after acquiring an additional 45 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Everest Group during the third quarter valued at approximately $64,000. Avior Wealth Management LLC lifted its position in 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 purchasing an additional 47 shares during the period. Finally, Steph & Co. boosted its holdings in Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company’s stock worth $133,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Trading Up 0.2 %

Everest Group stock opened at $343.93 on Thursday. Everest Group, Ltd. has a 12-month low of $327.37 and a 12-month high of $407.30. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 0.24 and a beta of 0.65. The firm has a 50 day moving average of $352.68 and a 200 day moving average of $370.23. 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 announced its quarterly earnings data 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%. As a group, research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Morgan Stanley reiterated 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. Keefe, Bruyette & Woods increased their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and upped their price target for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Wells Fargo & Company dropped their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, 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 report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Everest Group presently has an average rating of “Hold” and a consensus price target of $416.50.

Everest Group 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.