Fisher Funds Management LTD Makes New $10.44 Million Investment in Everest Group, Ltd. (NYSE:EG)

Fisher Funds Management LTD bought a new stake in Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 28,822 shares of the company’s stock, valued at approximately $10,440,000. Fisher Funds Management LTD owned 0.07% of Everest Group at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Eastern Bank purchased a new position in Everest Group during the third quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new position in shares of Everest Group during the 3rd quarter valued at $39,000. Private Trust Co. NA increased 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 last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Everest Group in the third quarter worth $64,000. Finally, Avior Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 47 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EG has been the topic of a number of recent research reports. TD Cowen lowered their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Wells Fargo & Company lowered their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Barclays raised their price objective 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. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Everest Group has an average rating of “Hold” and an average target price of $416.50.

Everest Group Trading Down 0.2 %

Shares of EG stock opened at $337.40 on Friday. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. The company has a market cap of $14.50 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.24 and a beta of 0.65. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $353.32 and its two-hundred day moving average is $370.66.

Everest Group (NYSE:EG) last posted its 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%. Equities analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current 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.