Everest Group, Ltd. (NYSE:EG) Shares Bought by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. lifted its holdings in Everest Group, Ltd. (NYSE:EG) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,289 shares of the company’s stock after acquiring an additional 116 shares during the period. Everest Group makes up 1.2% of Buckingham Capital Management Inc.’s portfolio, making the stock its 27th biggest position. Buckingham Capital Management Inc. owned about 0.07% of Everest Group worth $10,254,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EG. Eastern Bank acquired a new stake in Everest Group during the 3rd quarter valued at $35,000. Brooklyn Investment Group acquired a new stake in shares of Everest Group in the 3rd quarter worth about $39,000. Private Trust Co. NA increased its holdings in shares of Everest Group by 51.7% in the 3rd 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 period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Everest Group in the 3rd quarter worth about $64,000. Finally, Avior Wealth Management LLC increased its stake in Everest Group by 22.4% during the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock valued at $93,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on EG shares. Keefe, Bruyette & Woods raised their target price on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. 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 note on Tuesday, February 4th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and raised their target price for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $340.00 target price (down previously 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $416.50.

Everest Group Stock Performance

Shares of EG opened at $333.18 on Tuesday. The firm’s 50 day moving average is $355.33 and its 200-day moving average is $371.36. The stock has a market capitalization of $14.32 billion, a P/E 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, Ltd. has a 12-month low of $327.37 and a 12-month high of $407.30.

Everest Group (NYSE:EG) last announced its earnings results on Monday, February 3rd. The company reported ($18.39) 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%. Equities research analysts anticipate that Everest Group, Ltd. will post 53.11 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.