Everest Group (NYSE:EG) Price Target Cut to $372.00 by Analysts at BMO Capital Markets

Everest Group (NYSE:EG) had its target price dropped by equities research analysts at BMO Capital Markets from $383.00 to $372.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 0.16% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. TD Cowen lowered their target price on Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Keefe, Bruyette & Woods lowered their price objective on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Bank of America cut their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Barclays decreased their price target on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, UBS Group upgraded shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Everest Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $435.18.

Everest Group Trading Up 1.3 %

Shares of Everest Group stock opened at $371.39 on Thursday. The firm’s 50 day moving average is $380.99 and its 200 day moving average is $380.52. The firm has a market capitalization of $15.96 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 2.66 and a beta of 0.63. Everest Group has a 1 year low of $343.76 and a 1 year high of $417.92. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling

In other news, Director William F. Galtney, Jr. bought 2,870 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the transaction, the director now directly owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This represents a 9.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of the transaction, the executive vice president now owns 12,726 shares in the company, valued at approximately $4,434,756.48. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its position in Everest Group by 284.8% in the 3rd quarter. SG Americas Securities LLC now owns 24,556 shares of the company’s stock valued at $9,622,000 after acquiring an additional 18,175 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Everest Group by 1.5% during the first quarter. Clearbridge Investments LLC now owns 289,439 shares of the company’s stock valued at $115,052,000 after buying an additional 4,412 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Everest Group during the second quarter worth $921,000. Blue Trust Inc. raised its position in Everest Group by 92.9% in the 2nd quarter. Blue Trust Inc. now owns 162 shares of the company’s stock valued at $64,000 after buying an additional 78 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in Everest Group by 29.6% during the 3rd quarter. Raymond James & Associates now owns 31,966 shares of the company’s stock worth $12,525,000 after acquiring an additional 7,306 shares during the last quarter. Institutional investors and hedge funds own 92.64% 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.