Analysts Set Everest Group, Ltd. (NYSE:EG) Target Price at $411.89

Everest Group, Ltd. (NYSE:EG - Get Free Report) has earned an average recommendation of "Hold" from the ten ratings firms that are covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $411.89.

A number of equities analysts recently issued reports on the stock. Barclays increased their price target on shares of Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Morgan Stanley reissued an "equal weight" rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group downgraded shares of Everest Group from a "buy" rating to a "hold" rating and increased their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th.

Everest Group Trading Down 1.0 %

Shares of NYSE:EG traded down $3.25 during midday trading on Friday, hitting $334.79. 212,576 shares of the stock traded hands, compared to its average volume of 439,139. The stock has a market capitalization of $14.39 billion, a PE ratio of 10.65, a P/E/G ratio of 0.22 and a beta of 0.65. The business's 50 day moving average is $360.50 and its two-hundred day moving average is $373.39. 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 has a one year low of $333.05 and a one year high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. As a group, research analysts forecast that Everest Group will post 53.11 earnings per share for the current year.

Insider Buying and Selling at Everest Group

In other news, COO James Allan Williamson sold 200 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction 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 filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Everest Group

A number of institutional investors have recently made changes to their positions in EG. Bruce G. Allen Investments LLC boosted its stake in shares of Everest Group by 200.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company's stock worth $31,000 after acquiring an additional 52 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Everest Group during the 4th quarter worth $31,000. Eastern Bank purchased a new position in shares of Everest Group during the 3rd quarter worth $35,000. Brooklyn Investment Group purchased a new position in shares of Everest Group during the 3rd quarter worth $39,000. Finally, Private Trust Co. NA boosted its stake in shares of Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company's stock worth $52,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

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.