Everest Group, Ltd. (NYSE:EG) Receives $430.00 Consensus Target Price from Analysts

Shares of Everest Group, Ltd. (NYSE:EG) have been given an average rating of “Hold” by the ten brokerages that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $430.00.

Several equities research analysts have weighed in on EG shares. TD Cowen cut their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Wells Fargo & Company reduced their price target on Everest Group from $402.00 to $390.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. BMO Capital Markets cut their target price on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a report on Thursday, November 14th. Finally, UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th.

Everest Group Price Performance

Shares of NYSE:EG opened at $356.64 on Thursday. Everest Group has a twelve month low of $343.76 and a twelve month high of $407.30. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The company has a market cap of $15.33 billion, a PE ratio of 5.58, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. The company’s 50 day moving average is $373.50 and its 200 day moving average is $378.64.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.24%. Everest Group’s dividend payout ratio is presently 12.52%.

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 transaction of $93,741.12. Following the completion of the sale, the executive vice president now directly owns 12,726 shares in the company, valued at approximately $4,434,756.48. This trade represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO James Allan Williamson sold 200 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Everest Group

Large investors have recently made changes to their positions in the stock. Legend Financial Advisors Inc. grew its position in Everest Group by 1.6% in the 2nd quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company’s stock valued at $672,000 after acquiring an additional 27 shares in the last quarter. Wedmont Private Capital lifted its holdings in Everest Group by 4.8% during the 3rd 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. Banque Cantonale Vaudoise boosted its position in Everest Group by 4.6% in the 2nd 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. IFM Investors Pty Ltd grew its stake in shares of Everest Group by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock worth $4,392,000 after acquiring an additional 38 shares in the last quarter. Finally, Center For Asset Management LLC increased its position in shares of Everest Group by 3.6% during the second quarter. Center For Asset Management LLC now owns 1,243 shares of the company’s stock worth $474,000 after acquiring an additional 43 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

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.