Everest Group, Ltd. (NYSE:EG) Receives Consensus Rating of "Hold" from Analysts

Everest Group, Ltd. (NYSE:EG - Get Free Report) has earned a consensus recommendation of "Hold" from the ten research firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $430.00.

A number of research analysts recently commented on EG shares. Bank of America decreased their price target on shares of 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 lowered their target price 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. Wells Fargo & Company dropped their price target on Everest Group from $402.00 to $390.00 and set an "equal weight" rating for the company in a report on Wednesday, December 4th. TD Cowen decreased their price objective on Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a report on Monday, November 18th. Finally, UBS Group raised Everest Group to a "hold" rating in a report on Wednesday, October 9th.

Everest Group Stock Performance

Shares of NYSE EG traded up $1.03 during midday trading on Thursday, hitting $349.36. 410,665 shares of the company's stock were exchanged, compared to its average volume of 356,786. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $15.02 billion, a PE ratio of 5.47, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. Everest Group has a 12 month low of $343.76 and a 12 month high of $407.30. The company's 50 day moving average price is $375.13 and its 200 day moving average price is $379.06.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group's dividend payout ratio is presently 12.52%.

Insiders Place Their Bets

In other news, Director William F. Galtney, Jr. bought 2,870 shares of the stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the acquisition, the director now directly owns 32,822 shares in the company, valued at approximately $11,443,062.08. This trade represents a 9.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of the transaction, the executive vice president now owns 12,726 shares of the company's stock, valued at $4,434,756.48. This represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Everest Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock worth $453,818,000 after acquiring an additional 16,180 shares during the last quarter. AQR Capital Management LLC grew its stake 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 purchasing an additional 17,885 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Everest Group by 30.2% in the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company's stock worth $221,057,000 after purchasing an additional 134,517 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Everest Group by 7.7% in the second 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 during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Everest Group by 6.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock worth $192,267,000 after buying an additional 30,458 shares during the period. Institutional investors and hedge funds 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.