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

Shares of Everest Group, Ltd. (NYSE:EG - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eleven research firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $439.27.

A number of research firms recently weighed in on EG. UBS Group raised Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Morgan Stanley cut their price target on shares of Everest Group from $450.00 to $445.00 and set an "overweight" rating on the stock in a report on Wednesday, July 10th. Keefe, Bruyette & Woods decreased their price objective on shares of Everest Group from $454.00 to $438.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. TD Cowen cut their target price on Everest Group from $419.00 to $405.00 and set a "hold" rating on the stock in a research note on Tuesday, August 13th. Finally, Wells Fargo & Company increased their price target on Everest Group from $393.00 to $406.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th.

Everest Group Stock Performance

Everest Group stock traded up $4.34 during trading hours on Wednesday, hitting $381.10. The company had a trading volume of 40,900 shares, compared to its average volume of 340,233. The firm has a 50-day moving average of $387.36 and a 200 day moving average of $380.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a market cap of $16.41 billion, a PE ratio of 5.56, a PEG ratio of 2.67 and a beta of 0.61. Everest Group has a one year low of $343.76 and a one year high of $417.92.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $16.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $16.97 by ($0.12). The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.32 billion. Everest Group had a net margin of 18.36% and a return on equity of 24.09%. The company's revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company posted $15.21 earnings per share. On average, sell-side analysts expect that Everest Group will post 60.97 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Monday, September 16th. Everest Group's payout ratio is 11.81%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. American National Bank purchased a new position in shares of Everest Group during the second quarter valued at approximately $27,000. M&R Capital Management Inc. purchased a new stake in Everest Group during the third quarter valued at $29,000. Bruce G. Allen Investments LLC lifted 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 valued at $31,000 after acquiring an additional 52 shares during the period. Eastern Bank purchased a new position in Everest Group in the third quarter worth about $35,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company's stock worth $44,000 after purchasing an additional 31 shares during the period. Hedge funds and other 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.