Quartz Partners LLC Increases Stock Position in Everest Group, Ltd. (NYSE:EG)

Quartz Partners LLC raised its position in Everest Group, Ltd. (NYSE:EG) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,129 shares of the company’s stock after acquiring an additional 551 shares during the quarter. Everest Group makes up 1.1% of Quartz Partners LLC’s investment portfolio, making the stock its 21st largest position. Quartz Partners LLC’s holdings in Everest Group were worth $1,859,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Everest Group by 179.0% during the third quarter. Blue Trust Inc. now owns 452 shares of the company’s stock valued at $172,000 after acquiring an additional 290 shares in the last quarter. Raymond James & Associates raised its holdings in Everest Group by 29.6% in the 3rd quarter. Raymond James & Associates now owns 31,966 shares of the company’s stock worth $12,525,000 after purchasing an additional 7,306 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of Everest Group in the 3rd quarter worth about $245,000. Signaturefd LLC boosted its stake in shares of Everest Group by 51.4% during the 3rd quarter. Signaturefd LLC now owns 536 shares of the company’s stock valued at $210,000 after purchasing an additional 182 shares in the last quarter. Finally, Eastern Bank purchased a new position in shares of Everest Group during the third quarter valued at about $35,000. 92.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EG has been the subject of several research analyst reports. Barclays raised their price objective on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Keefe, Bruyette & Woods raised their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Wells Fargo & Company reduced their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Everest Group presently has an average rating of “Hold” and a consensus target price of $416.50.

Everest Group Price Performance

Shares of NYSE:EG opened at $337.40 on Monday. The company has a market capitalization of $14.50 billion, a PE ratio of 10.74, a PEG ratio of 0.24 and a beta of 0.65. The business has a fifty day moving average price of $353.32 and a 200-day moving average price of $370.73. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30. 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 issued its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) 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%. As a group, equities analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

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.