Everest Group, Ltd. (NYSE:EG) Receives $416.50 Consensus Target Price from Analysts

Shares of Everest Group, Ltd. (NYSE:EG) have been given an average rating of “Hold” by the nine brokerages that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $416.50.

Several analysts recently issued reports on the company. Wells Fargo & Company dropped their target price on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and upped their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods upped their target price on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $453.00 to $375.00 in a report on Thursday, January 30th.

Institutional Investors Weigh In On Everest Group

A number of large investors have recently added to or reduced their stakes in EG. Private Advisor Group LLC acquired a new stake in Everest Group during the third quarter worth approximately $333,000. Wealth Enhancement Advisory Services LLC raised its position in Everest Group by 82.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,163 shares of the company’s stock worth $1,631,000 after purchasing an additional 1,877 shares during the last quarter. US Bancorp DE raised its position in Everest Group by 1.0% during the 3rd quarter. US Bancorp DE now owns 7,953 shares of the company’s stock worth $3,116,000 after purchasing an additional 80 shares during the last quarter. National Pension Service raised its position in Everest Group by 24.1% during the 3rd quarter. National Pension Service now owns 103,315 shares of the company’s stock worth $40,482,000 after purchasing an additional 20,040 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Everest Group by 1.4% in the 3rd quarter. QRG Capital Management Inc. now owns 38,565 shares of the company’s stock worth $15,111,000 after acquiring an additional 536 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Up 1.4 %

EG stock opened at $363.77 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $15.62 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.24 and a beta of 0.61. The business has a 50-day moving average of $352.32 and a 200-day moving average of $369.75. Everest Group has a fifty-two week low of $327.37 and a fifty-two week high of $407.30.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. On average, sell-side analysts anticipate that Everest Group will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.20%. Everest Group’s dividend payout ratio (DPR) is currently 25.47%.

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.