Brokerages Set Everest Group, Ltd. (NYSE:EG) Price Target at $432.11

Shares of Everest Group, Ltd. (NYSE:EG) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $432.11.

Several equities research analysts have recently commented on the stock. Morgan Stanley lowered their price objective on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Wells Fargo & Company lowered their price target on Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods boosted their price target on Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th.

Everest Group Trading Down 0.7 %

Everest Group stock opened at $378.28 on Thursday. Everest Group has a one year low of $333.65 and a one year high of $417.92. The stock has a market cap of $16.44 billion, a PE ratio of 5.62, a price-to-earnings-growth ratio of 3.34 and a beta of 0.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a 50-day moving average of $379.88 and a two-hundred day moving average of $374.93.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, April 29th. The company reported $16.32 EPS for the quarter, beating the consensus estimate of $15.98 by $0.34. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.05 billion. Everest Group had a net margin of 18.69% and a return on equity of 24.86%. Everest Group’s revenue was up 25.8% on a year-over-year basis. During the same period last year, the firm posted $11.31 EPS. On average, research analysts anticipate that Everest Group will post 61.65 EPS for the current fiscal year.

Everest Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.11%. This is a positive change from Everest Group’s previous quarterly dividend of $1.75. The ex-dividend date was Wednesday, May 29th. Everest Group’s dividend payout ratio is presently 11.89%.

Institutional Trading of Everest Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP purchased a new position in Everest Group in the fourth quarter valued at $25,000. Avior Wealth Management LLC acquired a new stake in shares of Everest Group during the 4th quarter valued at about $25,000. Headlands Technologies LLC purchased a new position in shares of Everest Group in the 4th quarter valued at about $25,000. Janiczek Wealth Management LLC acquired a new position in Everest Group in the 4th quarter worth about $27,000. Finally, Trifecta Capital Advisors LLC purchased a new position in Everest Group during the fourth quarter worth approximately $28,000. 92.64% of the stock is owned by institutional investors and hedge funds.

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.