Mirae Asset Global Investments Co. Ltd. Acquires 1,237 Shares of Everest Group, Ltd. (NYSE:EG)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 44.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,013 shares of the company’s stock after purchasing an additional 1,237 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Everest Group were worth $1,444,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in shares of Everest Group by 9.0% during the second quarter. Cetera Investment Advisers now owns 5,316 shares of the company’s stock valued at $2,026,000 after buying an additional 437 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Everest Group during the second quarter valued at about $466,000. Wedmont Private Capital raised its holdings in Everest Group by 4.8% in the 3rd quarter. Wedmont Private Capital now owns 638 shares of the company’s stock valued at $238,000 after acquiring an additional 29 shares in the last quarter. Vista Investment Partners LLC lifted its position in shares of Everest Group by 1.1% in the 3rd quarter. Vista Investment Partners LLC now owns 7,819 shares of the company’s stock worth $3,064,000 after acquiring an additional 86 shares during the period. Finally, V Square Quantitative Management LLC grew its holdings in shares of Everest Group by 8.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 767 shares of the company’s stock worth $301,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Down 1.3 %

Shares of EG opened at $333.70 on Tuesday. The company has a market capitalization of $14.34 billion, a P/E ratio of 10.62, a PEG ratio of 0.22 and a beta of 0.65. Everest Group, Ltd. has a one year low of $333.05 and a one year high of $407.30. The business’s 50 day simple moving average is $359.49 and its 200-day simple moving average is $373.10. 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 posted 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 return on equity of 9.04% and a net margin of 7.95%. As a group, sell-side analysts predict that Everest Group, Ltd. will post 53.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EG has been the subject of several research reports. TD Cowen reduced their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Barclays lifted 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. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $411.89.

Insiders Place Their Bets

In other news, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the sale, the chief operating officer now owns 15,009 shares in the company, valued at $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

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.