Everest Group (NYSE:EG) Price Target Cut to $372.00 by Analysts at BMO Capital Markets

Everest Group (NYSE:EG) had its target price lowered by research analysts at BMO Capital Markets from $383.00 to $372.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 0.35% from the company’s current price.

EG has been the topic of a number of other reports. UBS Group raised Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Barclays reduced their price objective on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Keefe, Bruyette & Woods lowered their target price on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Bank of America dropped their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, Wells Fargo & Company decreased their price target on Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Everest Group has a consensus rating of “Moderate Buy” and a consensus price target of $435.18.

Everest Group Stock Performance

Shares of EG stock opened at $370.72 on Thursday. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 5.80, a price-to-earnings-growth ratio of 2.64 and a beta of 0.63. Everest Group has a 52 week low of $343.76 and a 52 week high of $417.92. The firm has a 50 day moving average of $381.70 and a 200-day moving average of $380.60. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22.

Insider Activity at Everest Group

In related news, Director William F. Galtney, Jr. purchased 2,870 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the acquisition, the director now owns 32,822 shares of the company’s stock, valued at $11,443,062.08. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director William F. Galtney, Jr. purchased 2,870 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $348.64 per share, for a total transaction of $1,000,596.80. Following the purchase, the director now owns 32,822 shares of the company’s stock, valued at $11,443,062.08. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the business’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 owns 12,726 shares in the company, valued at $4,434,756.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Everest Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. American National Bank bought a new stake in shares of Everest Group during the 2nd quarter valued at $27,000. M&R Capital Management Inc. purchased a new position in Everest Group during the third quarter valued at approximately $29,000. Bruce G. Allen Investments LLC increased its holdings in Everest Group by 200.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after acquiring an additional 52 shares during the period. Eastern Bank purchased a new stake in Everest Group in the 3rd quarter worth approximately $35,000. Finally, Brooklyn Investment Group bought a new position in Everest Group in the 3rd quarter valued at $39,000. 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.