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

Shares of Everest Group, Ltd. (NYSE:EG) have received an average rating of “Hold” from the ten research firms 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 brokerages that have updated their coverage on the stock in the last year is $430.00.

EG has been the topic of a number of research reports. BMO Capital Markets lowered their price target on Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a report on Thursday, November 14th. UBS Group upgraded Everest Group to a “hold” rating in a research note on Wednesday, October 9th. TD Cowen cut their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, Barclays dropped their price objective on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st.

Everest Group Trading Up 0.8 %

Shares of Everest Group stock opened at $362.38 on Thursday. The company’s fifty day moving average is $371.73 and its two-hundred day moving average is $378.19. Everest Group has a 1 year low of $343.76 and a 1 year high of $407.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $15.57 billion, a P/E ratio of 5.67, a PEG ratio of 2.69 and a beta of 0.64.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.21%. Everest Group’s dividend payout ratio is presently 12.52%.

Insider Activity at Everest Group

In related news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the transaction, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the sale, the executive vice president now owns 12,726 shares in the company, valued at approximately $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. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Everest Group

A number of large investors have recently added to or reduced their stakes in the business. Legend Financial Advisors Inc. increased its position in Everest Group by 1.6% during the second quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company’s stock worth $672,000 after buying an additional 27 shares in the last quarter. Wedmont Private Capital increased its position 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 purchasing an additional 29 shares in the last quarter. Banque Cantonale Vaudoise raised its stake 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 purchasing an additional 33 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in Everest Group by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock valued at $4,392,000 after purchasing an additional 38 shares in the last quarter. Finally, Center For Asset Management LLC boosted its stake in shares of Everest Group by 3.6% during the 2nd quarter. Center For Asset Management LLC now owns 1,243 shares of the company’s stock worth $474,000 after purchasing an additional 43 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

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.