Everest Group, Ltd. (NYSE:EG) Given Average Recommendation of "Hold" by Brokerages

Shares of Everest Group, Ltd. (NYSE:EG - Get Free Report) have received an average rating of "Hold" from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $416.50.

A number of analysts have recently issued reports on the stock. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. TD Cowen cut their price objective on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday, November 18th. Wells Fargo & Company dropped their price objective on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Finally, Barclays raised their price target on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th.

Everest Group Stock Performance

NYSE EG traded up $0.34 during trading on Tuesday, reaching $363.88. 359,650 shares of the company's stock were exchanged, compared to its average volume of 434,792. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The business has a 50 day moving average price of $352.36 and a 200-day moving average price of $369.71. The stock has a market capitalization of $15.62 billion, a P/E ratio of 11.58, a PEG ratio of 0.24 and a beta of 0.61. Everest Group has a fifty-two week low of $327.37 and a fifty-two week high of $407.30.

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Everest Group (NYSE:EG - Get Free Report) last issued its earnings results 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 return on equity of 9.04% and a net margin of 7.95%. Sell-side analysts forecast that Everest Group will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group's dividend payout ratio is currently 25.47%.

Hedge Funds Weigh In On Everest Group

A number of hedge funds have recently made changes to their positions in EG. Dakota Wealth Management raised its holdings in Everest Group by 1.7% during the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock worth $705,000 after purchasing an additional 32 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Everest Group by 19.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock worth $71,000 after buying an additional 32 shares during the period. Steph & Co. raised its stake in Everest Group by 10.6% during the fourth quarter. Steph & Co. now owns 366 shares of the company's stock worth $133,000 after buying an additional 35 shares during the last quarter. Lester Murray Antman dba SimplyRich raised its stake in Everest Group by 2.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock worth $481,000 after buying an additional 35 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in Everest Group by 0.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 5,315 shares of the company's stock valued at $1,913,000 after buying an additional 36 shares during the period. 92.64% of the stock is currently owned by institutional investors.

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.