Keefe, Bruyette & Woods Cuts Everest Group (NYSE:EG) Price Target to $402.00

Everest Group (NYSE:EG - Get Free Report) had its price target lowered by equities research analysts at Keefe, Bruyette & Woods from $434.00 to $402.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price would suggest a potential upside of 13.57% from the stock's current price.

Several other equities research analysts have also recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Morgan Stanley restated an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Finally, Barclays increased their price target on shares of Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $396.00.

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Everest Group Stock Performance

EG stock traded up $4.43 during trading on Wednesday, reaching $353.97. 107,074 shares of the company's stock were exchanged, compared to its average volume of 370,097. Everest Group has a 1-year low of $320.00 and a 1-year high of $407.30. The firm has a market cap of $16.91 billion, a PE ratio of 11.27, a P/E/G ratio of 0.24 and a beta of 0.43. The company's fifty day moving average price is $348.82 and its 200-day moving average price is $363.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG - Get Free Report) last announced 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%. On average, research analysts expect that Everest Group will post 47.93 EPS for the current fiscal year.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the business's stock in a transaction 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 transaction, the director now owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. The trade was a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Everest Group

A number of large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new position in Everest Group in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. bought a new stake in Everest Group during the 4th quarter worth about $31,000. Optiver Holding B.V. acquired a new position in Everest Group during the 4th quarter valued at about $51,000. Wilmington Savings Fund Society FSB bought a new position in shares of Everest Group in the 3rd quarter valued at about $64,000. Finally, Private Trust Co. NA raised its stake in shares of Everest Group by 48.5% during the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after buying an additional 64 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

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.