Analysts Set Everest Group, Ltd. (NYSE:EG) Target Price at $436.56

Shares of Everest Group, Ltd. (NYSE:EG) have been given an average rating of “Moderate Buy” by the ten research firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $435.44.

EG has been the subject of several research reports. UBS Group raised shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. BMO Capital Markets raised shares of Everest Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $372.00 to $453.00 in a research report on Friday, January 10th. Wells Fargo & Company decreased their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, TD Cowen decreased their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th.

Everest Group Price Performance

Shares of EG opened at $357.85 on Monday. The company has a 50 day moving average price of $368.24 and a 200-day moving average price of $376.63. Everest Group has a fifty-two week low of $343.76 and a fifty-two week high of $407.30. The stock has a market capitalization of $15.38 billion, a PE ratio of 5.60, a PEG ratio of 2.69 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40.

Everest Group Dividend Announcement

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

Insider Buying and Selling at Everest Group

In other news, COO James Allan Williamson sold 200 shares of the stock in a transaction 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 sale, the chief operating officer now owns 15,009 shares in the company, valued at $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William F. Galtney, Jr. acquired 2,870 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, the director now directly 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 ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Everest Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. M&R Capital Management Inc. acquired a new stake in Everest Group during the third quarter valued at $29,000. Bruce G. Allen Investments LLC grew its position in Everest Group by 200.0% during the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after buying an additional 52 shares during the period. Eastern Bank acquired a new stake in Everest Group during the third quarter valued at $35,000. Brooklyn Investment Group acquired a new stake in Everest Group during the third quarter valued at $39,000. Finally, American National Bank & Trust grew its position in Everest Group by 80.0% during the third quarter. American National Bank & Trust now owns 126 shares of the company’s stock valued at $49,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds 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.