Everest Group, Ltd. (NYSE:EG) Receives $439.27 Average PT from Analysts

Shares of Everest Group, Ltd. (NYSE:EG) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $438.36.

Several equities research analysts recently issued reports on EG shares. BMO Capital Markets reiterated a “market perform” rating and issued a $403.00 price objective on shares of Everest Group in a report on Friday, August 30th. Wells Fargo & Company boosted their price target on Everest Group from $393.00 to $406.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Morgan Stanley reduced their price objective on Everest Group from $450.00 to $445.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Jefferies Financial Group lifted their target price on shares of Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. American National Bank purchased a new position in Everest Group during the second quarter worth about $27,000. M&R Capital Management Inc. purchased a new position in shares of Everest Group during the 3rd quarter worth approximately $29,000. Bruce G. Allen Investments LLC increased its holdings in Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after purchasing an additional 52 shares during the last quarter. Eastern Bank acquired a new stake in Everest Group in the 3rd quarter valued at approximately $35,000. Finally, Massmutual Trust Co. FSB ADV raised its position in Everest Group by 36.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock valued at $44,000 after purchasing an additional 31 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Trading Down 1.3 %

Shares of EG stock opened at $350.97 on Wednesday. Everest Group has a 1-year low of $343.76 and a 1-year high of $417.92. The company has a market cap of $15.11 billion, a price-to-earnings ratio of 5.49, a PEG ratio of 2.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a 50 day simple moving average of $386.85 and a 200-day simple moving average of $380.64.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $16.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $16.97 by ($0.12). Everest Group had a net margin of 16.99% and a return on equity of 23.13%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the previous year, the business earned $15.21 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, equities research analysts expect that Everest Group will post 60.97 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a $2.00 dividend. The ex-dividend date was Monday, September 16th. This represents a $8.00 annualized dividend and a yield of 2.28%. Everest Group’s 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.