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

Everest Group, Ltd. (NYSE:EG) has earned an average rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $416.50.

A number of research analysts have recently issued reports on EG shares. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Barclays lifted their price target on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. BMO Capital Markets downgraded 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 research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods boosted their target price on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th.

Everest Group Trading Down 1.5 %

Shares of NYSE EG opened at $358.31 on Tuesday. Everest Group has a twelve month low of $327.37 and a twelve month high of $407.30. The business has a fifty day simple moving average of $352.43 and a two-hundred day simple moving average of $369.48. The firm has a market cap of $15.38 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. Analysts expect that Everest Group will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be paid a dividend of $2.00 per share. The ex-dividend date is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.23%. Everest Group’s payout ratio is presently 25.47%.

Institutional Trading of Everest Group

Several large investors have recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in Everest Group during the 4th quarter valued at about $104,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Everest Group in the 4th quarter valued at about $12,597,000. Talaria Asset Management Pty Ltd acquired a new position in shares of Everest Group in the 4th quarter valued at about $28,417,000. Jefferies Financial Group Inc. acquired a new position in shares of Everest Group in the 4th quarter valued at about $4,771,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of Everest Group in the 4th quarter valued at about $137,000. Hedge funds and other institutional investors 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.