Everest Group (NYSE:EG) Given New $372.00 Price Target at BMO Capital Markets

Everest Group (NYSE:EG - Get Free Report) had its price target decreased by equities research analysts at BMO Capital Markets from $383.00 to $372.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. BMO Capital Markets' price objective would suggest a potential upside of 0.96% from the company's current price.

A number of other analysts have also issued reports on the stock. UBS Group raised shares of Everest Group to a "hold" rating in a research note on Wednesday, October 9th. TD Cowen lowered their price target on Everest Group from $419.00 to $405.00 and set a "hold" rating for the company in a report on Tuesday, August 13th. Jefferies Financial Group upped their target price on Everest Group from $440.00 to $457.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods cut their price target on Everest Group from $454.00 to $438.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Finally, Bank of America cut their target price on shares of Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $435.18.

Everest Group Trading Down 0.6 %

Shares of NYSE EG traded down $2.23 during midday trading on Thursday, hitting $368.45. The company's stock had a trading volume of 143,789 shares, compared to its average volume of 348,140. Everest Group has a 12-month low of $343.76 and a 12-month high of $417.92. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The firm has a market cap of $15.84 billion, a P/E ratio of 5.80, a price-to-earnings-growth ratio of 2.64 and a beta of 0.63. The business's 50 day moving average is $381.70 and its two-hundred day moving average is $380.60.

Insiders Place Their Bets

In other news, Director William F. Galtney, Jr. bought 2,870 shares of the business's stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the transaction, the director now directly owns 32,822 shares in the company, valued at approximately $11,443,062.08. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the sale, the executive vice president now directly owns 12,726 shares of the company's stock, valued at approximately $4,434,756.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William F. Galtney, Jr. acquired 2,870 shares of the firm's stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the acquisition, the director now owns 32,822 shares in the company, valued at approximately $11,443,062.08. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Boston Partners increased its holdings in shares of Everest Group by 29.1% during the 1st 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 in the last quarter. AQR Capital Management LLC raised its position in shares of Everest Group by 1.8% in the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company's stock worth $393,395,000 after acquiring an additional 17,885 shares during the period. Champlain Investment Partners LLC boosted its stake in shares of Everest Group by 5.3% during the 1st quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company's stock worth $360,175,000 after acquiring an additional 45,705 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of Everest Group by 30.2% during the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company's stock valued at $221,057,000 after acquiring an additional 134,517 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Everest Group by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company's stock valued at $203,891,000 after purchasing an additional 38,254 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

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.