Everest Group, Ltd. (NYSE:EG) Receives $436.56 Average PT from Brokerages

Shares of Everest Group, Ltd. (NYSE:EG) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $435.44.

EG has been the topic of several research analyst reports. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. UBS Group upgraded shares of Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Barclays decreased their price target on shares of Everest Group from $517.00 to $499.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. BMO Capital Markets upgraded shares of Everest Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $372.00 to $453.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company reduced their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday.

Everest Group Stock Down 0.1 %

Shares of EG stock opened at $357.85 on Monday. The stock has a market cap of $15.38 billion, a P/E ratio of 5.60, a PEG ratio of 2.69 and a beta of 0.65. Everest Group has a 52 week low of $343.76 and a 52 week high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $368.24 and its two-hundred day simple moving average is $376.63.

Everest Group Dividend Announcement

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

Insider Activity at Everest Group

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

Institutional Investors Weigh In On Everest Group

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted 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 buying an additional 18,175 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in Everest Group in the 2nd quarter valued at about $921,000. JPMorgan Chase & Co. boosted its position in Everest Group by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company’s stock valued at $30,747,000 after buying an additional 12,791 shares during the period. Brophy Wealth Management LLC purchased a new stake in Everest Group in the 3rd quarter valued at about $749,000. Finally, Intech Investment Management LLC boosted its position in Everest Group by 13.1% in the 3rd quarter. Intech Investment Management LLC now owns 27,324 shares of the company’s stock valued at $10,706,000 after buying an additional 3,166 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

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.