Abacus Planning Group Inc. Buys 282 Shares of Everest Group, Ltd. (NYSE:EG)

Abacus Planning Group Inc. grew its stake in shares of Everest Group, Ltd. (NYSE:EG) by 27.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,293 shares of the company’s stock after acquiring an additional 282 shares during the quarter. Abacus Planning Group Inc.’s holdings in Everest Group were worth $469,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Eastern Bank bought a new position in Everest Group in the third quarter valued at approximately $35,000. Brooklyn Investment Group bought a new position in shares of Everest Group in the 3rd quarter valued at $39,000. Private Trust Co. NA raised its holdings in shares of Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after buying an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Everest Group during the 3rd quarter worth $64,000. Finally, Avior Wealth Management LLC boosted its stake in Everest Group by 22.4% in the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock valued at $93,000 after buying an additional 47 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Performance

Shares of Everest Group stock opened at $336.23 on Thursday. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 0.22 and a beta of 0.65. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30. The company’s fifty day moving average is $354.32 and its 200 day moving average is $370.93. 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 (NYSE:EG) last released its quarterly earnings results 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%. Sell-side analysts forecast that Everest Group, Ltd. will post 53.15 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on EG shares. Wells Fargo & Company lowered their target price 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. Keefe, Bruyette & Woods upped their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Barclays raised their target price 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. TD Cowen decreased their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Everest Group has a consensus rating of “Hold” and an average price target of $416.50.

Everest Group Company 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.