Everest Group, Ltd. (NYSE:EG) Receives $434.10 Consensus Target Price from Analysts

Shares of Everest Group, Ltd. (NYSE:EG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $434.10.

EG has been the topic of several analyst reports. UBS Group raised Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Bank of America reduced their price objective on Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a research note on Thursday, October 10th. Barclays reduced their price objective on Everest Group from $527.00 to $517.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Keefe, Bruyette & Woods reduced their price objective 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, TD Cowen reduced their price objective on Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research note on Monday, November 18th.

Insider Activity at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the company's 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 transaction, the chief operating officer now owns 15,009 shares in the company, valued at approximately $5,553,330. This represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the business's stock in a transaction on Monday, November 4th. The shares were bought at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This represents a 9.58 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. American National Bank purchased a new position in shares of Everest Group during the second quarter worth $27,000. M&R Capital Management Inc. purchased a new position in Everest Group in the third quarter valued at $29,000. Bruce G. Allen Investments LLC increased its holdings in Everest Group by 200.0% in the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company's stock valued at $31,000 after buying an additional 52 shares in the last quarter. Eastern Bank purchased a new position in Everest Group in the third quarter valued at $35,000. Finally, Brooklyn Investment Group purchased a new position in Everest Group in the third quarter valued at $39,000. Hedge funds and other institutional investors own 92.64% of the company's stock.

Everest Group Price Performance

Shares of EG stock traded up $3.85 during trading hours on Friday, hitting $389.00. The stock had a trading volume of 519,602 shares, compared to its average volume of 421,285. Everest Group has a one year low of $343.76 and a one year high of $417.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. The stock's 50-day moving average price is $380.77 and its two-hundred day moving average price is $380.80. The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 2.84 and a beta of 0.63.

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 dividend of $2.00 per share. The ex-dividend date is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.06%. Everest Group's payout ratio is 12.52%.

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.