Hartford Investment Management Co. Has $1.28 Million Position in Everest Group, Ltd. (NYSE:EG)

Hartford Investment Management Co. increased its position in Everest Group, Ltd. (NYSE:EG) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,543 shares of the company’s stock after buying an additional 54 shares during the quarter. Hartford Investment Management Co.’s holdings in Everest Group were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EG. Vista Investment Partners LLC increased 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 valued at $3,064,000 after purchasing an additional 86 shares during the period. V Square Quantitative Management LLC grew its position in shares of 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 buying an additional 58 shares during the period. Blue Trust Inc. grew its position in shares of 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 buying an additional 290 shares during the period. Raymond James & Associates grew its position 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 buying an additional 7,306 shares during the period. Finally, Vest Financial LLC grew its position in shares of Everest Group by 43.9% during the 3rd quarter. Vest Financial LLC now owns 4,188 shares of the company’s stock worth $1,641,000 after buying an additional 1,278 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EG shares. Keefe, Bruyette & Woods increased their target price on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Wells Fargo & Company cut their target price on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Barclays increased their target price on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $416.50.

Everest Group Trading Down 0.7 %

Shares of Everest Group stock opened at $333.18 on Friday. The stock has a fifty day moving average price of $356.03 and a 200-day moving average price of $371.88. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 year high of $407.30. The firm has a market cap of $14.32 billion, a PE ratio of 10.61, a P/E/G ratio of 0.22 and a beta of 0.65. 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 quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. Equities research analysts anticipate that Everest Group, Ltd. will post 53.11 EPS for the current 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.