Everest Group (NYSE:EG - Get Free Report) had its target price upped by analysts at Barclays from $461.00 to $470.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 39.05% from the company's current price.
Other research analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Everest Group from a "buy" rating to a "hold" rating and raised their price objective for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their target price on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Bank of America reduced their target price on shares of Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, UBS Group raised shares of Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $411.89.
View Our Latest Stock Report on Everest Group
Everest Group Price Performance
EG stock traded up $1.72 during midday trading on Tuesday, hitting $338.02. 560,146 shares of the stock were exchanged, compared to its average volume of 449,074. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The stock 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 fifty-two week low of $333.05 and a fifty-two week high of $407.30. The stock's 50-day moving average price is $361.48 and its 200-day moving average price is $373.87.
Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data 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 22.45% and a net margin of 16.99%. Research analysts predict that Everest Group will post 36.3 earnings per share for the current year.
Insider Buying and Selling
In other news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction dated 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 directly owns 15,009 shares of the company's stock, valued at $5,553,330. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.20% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of Everest Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock valued at $453,818,000 after buying an additional 16,180 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Everest Group by 6.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock valued at $192,267,000 after purchasing an additional 30,458 shares during the period. Assetmark Inc. lifted its position in shares of Everest Group by 1.4% during the fourth quarter. Assetmark Inc. now owns 415,638 shares of the company's stock worth $150,652,000 after purchasing an additional 5,649 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of Everest Group by 12,263.1% in the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company's stock valued at $162,766,000 after purchasing an additional 412,040 shares during the period. Finally, FMR LLC grew its holdings in Everest Group by 21.5% during the 3rd quarter. FMR LLC now owns 410,861 shares of the company's stock valued at $160,988,000 after purchasing an additional 72,822 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.
About Everest Group
(
Get Free Report)
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.
Further Reading
Before you consider Everest Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Everest Group wasn't on the list.
While Everest Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
