CIBC Asset Management Inc Has $2.38 Million Holdings in Everest Group, Ltd. (NYSE:EG)

CIBC Asset Management Inc grew its stake in Everest Group, Ltd. (NYSE:EG) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,568 shares of the company’s stock after acquiring an additional 259 shares during the period. CIBC Asset Management Inc’s holdings in Everest Group were worth $2,381,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

EG has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price objective on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. TD Cowen dropped their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Wells Fargo & Company reduced their price objective on shares of 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. Finally, BMO Capital Markets cut shares of 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 research report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Everest Group currently has a consensus rating of “Hold” and a consensus target price of $416.50.

Everest Group Stock Down 0.2 %

Shares of NYSE EG opened at $337.40 on Friday. The firm has a 50 day moving average price of $353.32 and a 200 day moving average price of $370.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $14.50 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.23 and a beta of 0.65. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30.

Everest Group (NYSE:EG) last released 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 net margin of 7.95% and a return on equity of 9.04%. Analysts expect that Everest Group, Ltd. will post 50.51 EPS for the current 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.