South Dakota Investment Council Has $33.46 Million Holdings in Everest Group, Ltd. (NYSE:EG)

South Dakota Investment Council lifted its position in shares of Everest Group, Ltd. (NYSE:EG) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,310 shares of the company’s stock after buying an additional 14,125 shares during the quarter. Everest Group comprises about 0.7% of South Dakota Investment Council’s holdings, making the stock its 17th largest position. South Dakota Investment Council’s holdings in Everest Group were worth $33,459,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EG. Wells Fargo & Company decreased 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 report on Tuesday, January 14th. BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. TD Cowen reduced their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Finally, Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $416.50.

Everest Group Price Performance

Shares of NYSE:EG opened at $337.40 on Friday. The company has a 50 day moving average of $353.32 and a 200 day moving average of $370.66. The stock has a market cap of $14.50 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.24 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 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 issued its quarterly earnings data 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 47.93 EPS for the current fiscal year.

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.