Everest Group (NYSE:EG) Stock Rating Lowered by Jefferies Financial Group

Everest Group (NYSE:EG) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued on Tuesday, MarketBeat.com reports. They currently have a $429.00 price target on the stock, up from their previous price target of $420.00. Jefferies Financial Group’s price objective indicates a potential upside of 10.35% from the company’s current price.

A number of other equities analysts also recently issued reports on EG. Barclays cut their price objective on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. BMO Capital Markets cut their price target on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a report on Thursday, November 14th. UBS Group upgraded shares of Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company cut their target price on Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Finally, TD Cowen decreased their price target 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. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $431.30.

Everest Group Stock Up 0.3 %

EG stock opened at $388.78 on Tuesday. The firm has a market capitalization of $16.71 billion, a PE ratio of 6.08, a P/E/G ratio of 2.89 and a beta of 0.63. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group has a twelve month low of $343.76 and a twelve month high of $417.04. The stock’s 50 day moving average is $380.79 and its 200-day moving average is $380.90.

Insider Buying and Selling

In related news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the transaction, the chief operating officer now directly owns 15,009 shares in the company, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William F. Galtney, Jr. bought 2,870 shares of the company’s stock in a transaction on Monday, November 4th. The shares were bought at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the transaction, the director now owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This represents a 9.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EG. Csenge Advisory Group increased its holdings in Everest Group by 2.2% during 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 during the period. Legend Financial Advisors Inc. increased its holdings in shares of Everest Group by 1.6% in 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 period. Wedmont Private Capital raised its position in shares of Everest Group by 4.8% in the third quarter. Wedmont Private Capital now owns 638 shares of the company’s stock worth $238,000 after buying an additional 29 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Everest Group by 36.9% during the second 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 period. Finally, Banque Cantonale Vaudoise boosted its stake in Everest Group by 4.6% during the second quarter. Banque Cantonale Vaudoise now owns 745 shares of the company’s stock valued at $284,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

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.