Everest Group, Ltd. (NYSE:EG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Everest Group, Ltd. (NYSE:EG) have received an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $431.30.

Several brokerages have commented on EG. Keefe, Bruyette & Woods cut their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. TD Cowen cut their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Wells Fargo & Company cut their target price on Everest Group from $406.00 to $402.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. Barclays cut their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, UBS Group raised Everest Group to a “hold” rating in a research report on Wednesday, October 9th.

Insider Activity at Everest Group

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was 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 of the company’s stock, valued at approximately $4,434,756.48. The trade was a 2.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the sale, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at $5,553,330. This represents a 1.32 % 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 corporate insiders.

Hedge Funds Weigh In On Everest Group

A number of hedge funds and other institutional investors have recently modified their holdings of EG. Mizuho Securities USA LLC boosted its stake in shares of Everest Group by 12,263.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after buying an additional 412,040 shares during the last quarter. World Investment Advisors LLC purchased a new position in Everest Group in the third quarter valued at approximately $120,564,000. Boston Partners lifted its stake in Everest Group by 29.1% in the first quarter. Boston Partners now owns 1,197,457 shares of the company’s stock valued at $475,750,000 after purchasing an additional 269,665 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Everest Group by 442.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock valued at $120,744,000 after purchasing an additional 251,337 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Everest Group by 30.2% in the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock valued at $221,057,000 after purchasing an additional 134,517 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Trading Up 0.9 %

NYSE EG opened at $389.00 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group has a twelve month low of $343.76 and a twelve month high of $417.04. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 6.09, a price-to-earnings-growth ratio of 2.89 and a beta of 0.63. The business’s fifty day moving average is $380.79 and its 200 day moving average is $380.95.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Wednesday, November 27th. Everest Group’s payout ratio is 12.52%.

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.