Pine Valley Investments Ltd Liability Co Has $2.21 Million Stock Position in Everest Group, Ltd. (NYSE:EG)

Pine Valley Investments Ltd Liability Co decreased its stake in Everest Group, Ltd. (NYSE:EG) by 6.5% during the 4th quarter, HoldingsChannel reports. The fund owned 6,089 shares of the company’s stock after selling 421 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Everest Group were worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in Everest Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company’s stock worth $453,818,000 after buying an additional 16,180 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Everest Group by 6.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company’s stock worth $192,267,000 after buying an additional 30,458 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in Everest Group by 12,263.1% during the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after buying an additional 412,040 shares in the last quarter. FMR LLC boosted its stake in Everest Group by 21.5% during the third quarter. FMR LLC now owns 410,861 shares of the company’s stock worth $160,988,000 after buying an additional 72,822 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Everest Group by 39.7% during the third quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock worth $160,646,000 after buying an additional 116,559 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EG shares. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $453.00 to $375.00 in a report on Thursday, January 30th. TD Cowen cut their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. Barclays lifted their price objective on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Finally, Wells Fargo & Company cut their price objective on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $416.50.

Everest Group Stock Performance

Everest Group stock opened at $344.09 on Wednesday. The stock has a 50-day simple moving average of $352.76 and a 200 day simple moving average of $370.42. 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 capitalization of $14.79 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 0.24 and a beta of 0.65.

Everest Group (NYSE:EG) last released its quarterly 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 net margin of 7.95% and a return on equity of 9.04%. On average, research analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share 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.