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

Everest Group, Ltd. (NYSE:EG - Get Free Report) has been assigned a consensus rating of "Hold" from the nine research firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $396.00.

EG has been the subject of a number of recent research reports. Morgan Stanley reiterated an "equal weight" rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Barclays decreased their price target on Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a report on Friday, April 11th. UBS Group dropped their price objective on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their target price on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and raised their price target for the company from $376.00 to $415.00 in a research report on Friday, April 11th.

Everest Group Price Performance

Shares of NYSE:EG opened at $357.12 on Wednesday. Everest Group has a twelve month low of $320.00 and a twelve month high of $407.30. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The company has a market cap of $17.06 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43. The company's 50 day moving average is $350.84 and its 200 day moving average is $361.27.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. On average, sell-side analysts forecast that Everest Group will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.24%. The ex-dividend date was Monday, March 17th. Everest Group's payout ratio is 25.47%.

Insider Transactions at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the sale, the director now directly owns 12,279 shares of the company's stock, valued at $4,428,175.77. The trade was a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Everest Group during the fourth quarter worth $488,588,000. Vulcan Value Partners LLC grew its stake in Everest Group by 279.1% during the 4th quarter. Vulcan Value Partners LLC now owns 978,713 shares of the company's stock valued at $354,768,000 after acquiring an additional 720,572 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Everest Group by 11,756.0% in the 4th quarter. Sterling Capital Management LLC now owns 278,616 shares of the company's stock valued at $100,987,000 after acquiring an additional 276,266 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Everest Group by 14,518.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 190,040 shares of the company's stock valued at $68,882,000 after acquiring an additional 188,740 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Everest Group by 31,899.6% in the 1st quarter. GAMMA Investing LLC now owns 174,398 shares of the company's stock worth $63,364,000 after purchasing an additional 173,853 shares in 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.

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