Everest Group, Ltd. (NYSE:EG) Receives $434.10 Average PT from Brokerages

Everest Group, Ltd. (NYSE:EG) has been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $431.30.

Several research firms have recently weighed in on EG. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and increased their price objective for the stock from $420.00 to $429.00 in a research report on Tuesday. Wells Fargo & Company decreased their price target on Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. TD Cowen dropped their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Barclays decreased their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, BMO Capital Markets dropped their price target on Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a research note on Thursday, November 14th.

Insider Transactions at Everest Group

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

Hedge Funds Weigh In On Everest Group

Several large investors have recently bought and sold shares of EG. Csenge Advisory Group grew its stake in shares of Everest Group by 2.2% in the 2nd quarter. Csenge Advisory Group now owns 1,239 shares of the company’s stock worth $472,000 after acquiring an additional 27 shares in the last quarter. Legend Financial Advisors Inc. boosted its holdings in Everest Group by 1.6% during the second quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company’s stock worth $672,000 after purchasing an additional 27 shares during the last quarter. Wedmont Private Capital grew its position in Everest Group by 4.8% in the 3rd quarter. Wedmont Private Capital now owns 638 shares of the company’s stock worth $238,000 after purchasing an additional 29 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock valued at $44,000 after buying an additional 31 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted its position in shares of Everest Group by 4.6% during the 2nd quarter. Banque Cantonale Vaudoise now owns 745 shares of the company’s stock worth $284,000 after buying an additional 33 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Performance

NYSE:EG opened at $387.59 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group has a fifty-two week low of $343.76 and a fifty-two week high of $417.04. The company has a 50 day simple moving average of $380.79 and a two-hundred day simple moving average of $380.87. The company has a market capitalization of $16.66 billion, a PE ratio of 6.05, a P/E/G ratio of 2.88 and a beta of 0.63.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.00 per share. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.06%. Everest Group’s dividend payout ratio is 12.52%.

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.