Everest Group (NYSE:EG) Posts Quarterly Earnings Results, Misses Estimates By $30.03 EPS

Everest Group (NYSE:EG - Get Free Report) announced its quarterly earnings data on Monday. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03), Zacks reports. Everest Group had a net margin of 16.99% and a return on equity of 22.45%.

Everest Group Price Performance

Shares of NYSE EG traded up $1.72 during midday trading on Friday, hitting $338.02. 560,146 shares of the company's stock were exchanged, compared to its average volume of 449,074. 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 fifty day moving average price is $361.48 and its two-hundred day moving average price is $373.87. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 5.29, a PEG ratio of 2.50 and a beta of 0.65. Everest Group has a 12-month low of $333.05 and a 12-month high of $407.30.

Analyst Ratings Changes

A number of analysts recently commented on EG shares. Bank of America dropped 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. Jefferies Financial Group downgraded Everest Group from a "buy" rating to a "hold" rating and increased their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price target on Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Barclays increased their price objective on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, BMO Capital Markets cut Everest Group from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Everest Group presently has a consensus rating of "Hold" and a consensus target price of $411.89.

Insider Activity at Everest Group

In related news, COO James Allan Williamson sold 200 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the transaction, the chief operating officer now owns 15,009 shares of the company's stock, valued at $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

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.