Bright Futures Wealth Management LLC. Has $1.57 Million Holdings in Everest Group, Ltd. (NYSE:EG)

Bright Futures Wealth Management LLC. cut its position in Everest Group, Ltd. (NYSE:EG) by 33.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,478 shares of the company’s stock after selling 2,288 shares during the quarter. Everest Group accounts for about 1.4% of Bright Futures Wealth Management LLC.’s holdings, making the stock its 22nd biggest holding. Bright Futures Wealth Management LLC.’s holdings in Everest Group were worth $1,574,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EG. Asset Management One Co. Ltd. raised its position in shares of Everest Group by 9.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 17,881 shares of the company’s stock worth $6,436,000 after acquiring an additional 1,567 shares during the last quarter. Howard Bailey Securities LLC bought a new position in shares of Everest Group during the fourth quarter worth about $282,000. Van ECK Associates Corp raised its position in shares of Everest Group by 61.5% during the fourth quarter. Van ECK Associates Corp now owns 680 shares of the company’s stock worth $246,000 after acquiring an additional 259 shares during the last quarter. Lester Murray Antman dba SimplyRich raised its position in shares of Everest Group by 2.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock worth $481,000 after acquiring an additional 35 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC raised its position in shares of Everest Group by 3.3% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,401 shares of the company’s stock worth $870,000 after acquiring an additional 76 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EG. Morgan Stanley restated an “equal weight” rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Barclays lifted 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. TD Cowen lowered their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. Finally, BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and lowered 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 issued a buy rating to the company. According to data from MarketBeat, Everest Group presently has an average rating of “Hold” and a consensus target price of $416.50.

Everest Group Trading Up 1.3 %

Shares of Everest Group stock opened at $335.77 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30. The stock has a 50 day moving average price of $356.79 and a two-hundred day moving average price of $372.23. The stock has a market capitalization of $14.43 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) 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%. As a group, equities analysts anticipate that Everest Group, Ltd. will post 53.11 earnings per share 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.