Louisiana State Employees Retirement System Sells 100 Shares of Everest Group, Ltd. (NYSE:EG)

Louisiana State Employees Retirement System lowered its position in Everest Group, Ltd. (NYSE:EG) by 4.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,300 shares of the company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Everest Group were worth $834,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dakota Wealth Management lifted its stake in Everest Group by 1.7% during the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock worth $705,000 after purchasing an additional 32 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Everest Group by 19.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock valued at $71,000 after buying an additional 32 shares during the period. Steph & Co. increased its stake in shares of Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock worth $133,000 after purchasing an additional 35 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock valued at $239,000 after purchasing an additional 37 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in shares of Everest Group by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock valued at $4,392,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EG. Keefe, Bruyette & Woods increased their price target on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Barclays increased their target price on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, TD Cowen reduced their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $416.50.

Everest Group Price Performance

Shares of NYSE:EG opened at $333.18 on Tuesday. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 0.22 and a beta of 0.65. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. The stock’s 50 day moving average price is $355.33 and its 200 day moving average price is $371.36. 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 released its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. Equities research 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.