Keefe, Bruyette & Woods Boosts Everest Group (NYSE:EG) Price Target to $434.00

Everest Group (NYSE:EG - Get Free Report) had its price target hoisted by analysts at Keefe, Bruyette & Woods from $420.00 to $434.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 22.62% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on EG. Jefferies Financial Group cut Everest Group from a "buy" rating to a "hold" rating and lifted their price target for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Bank of America reduced their price target on Everest Group from $496.00 to $485.00 and set a "buy" rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company decreased their price target on Everest Group from $402.00 to $390.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 4th. Barclays cut their price objective on shares of Everest Group from $517.00 to $499.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, UBS Group upgraded shares of Everest Group to a "hold" rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $436.56.

Everest Group Stock Performance

Shares of NYSE:EG traded down $14.48 on Friday, reaching $353.95. 612,080 shares of the company's stock were exchanged, compared to its average volume of 375,613. The business's 50-day moving average is $368.04 and its two-hundred day moving average is $377.22. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group has a fifty-two week low of $343.76 and a fifty-two week high of $407.30. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 2.69 and a beta of 0.65.

Insiders Place Their Bets

In related news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction on Thursday, November 14th. The shares were 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 in the company, valued at $5,553,330. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mike Karmilowicz sold 269 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of the sale, the executive vice president now directly owns 12,726 shares in the company, valued at approximately $4,434,756.48. This represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Everest Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock worth $453,818,000 after buying an additional 16,180 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Everest Group by 1.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company's stock worth $393,395,000 after acquiring an additional 17,885 shares during the period. William Blair Investment Management LLC boosted its position in shares of Everest Group by 30.2% during the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company's stock valued at $221,057,000 after acquiring an additional 134,517 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Everest Group by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company's stock valued at $203,891,000 after acquiring an additional 38,254 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Everest Group by 6.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock worth $192,267,000 after purchasing an additional 30,458 shares in the last quarter. Institutional investors own 92.64% of the company's stock.

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.