Everest Group, Ltd. (NYSE:EG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Everest Group, Ltd. (NYSE:EG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $436.56.

A number of analysts have recently weighed in on the stock. Jefferies Financial Group downgraded shares of Everest Group from a "buy" rating to a "hold" rating and boosted their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. UBS Group upgraded Everest Group to a "hold" rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a report on Friday. Barclays cut their target price on Everest Group from $517.00 to $499.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Finally, TD Cowen lowered their price target on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday, November 18th.

Insider Buying and Selling at Everest Group

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. M&R Capital Management Inc. purchased a new stake in shares of Everest Group during the 3rd quarter worth $29,000. Bruce G. Allen Investments LLC raised 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 worth $31,000 after purchasing an additional 52 shares in the last quarter. Eastern Bank bought a new position in Everest Group in the third quarter worth about $35,000. Brooklyn Investment Group purchased a new stake in shares of Everest Group during the third quarter valued at about $39,000. Finally, American National Bank & Trust boosted its holdings in shares of Everest Group by 80.0% in the 3rd quarter. American National Bank & Trust now owns 126 shares of the company's stock valued at $49,000 after buying an additional 56 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Price Performance

EG traded down $2.14 during trading hours on Monday, hitting $351.38. The company's stock had a trading volume of 296,574 shares, compared to its average volume of 364,311. Everest Group has a 12 month low of $343.76 and a 12 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 0.22. The business's 50-day moving average price is $368.10 and its 200-day moving average price is $376.99. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 5.50, a P/E/G ratio of 2.69 and a beta of 0.65.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.28%. The ex-dividend date was Wednesday, November 27th. Everest Group's dividend payout ratio is presently 12.52%.

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.