Everest Group, Ltd. (NYSE:EG) Given Consensus Rating of “Hold” by Analysts

Everest Group, Ltd. (NYSE:EG) has received a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $430.00.

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and upped their price target for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Wells Fargo & Company lowered their target price on shares of Everest Group from $402.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Barclays reduced their price target on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. BMO Capital Markets lowered their price objective on Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a research report on Thursday, November 14th. Finally, TD Cowen reduced their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th.

Everest Group Price Performance

Shares of NYSE EG opened at $348.33 on Thursday. The stock has a fifty day moving average of $375.96 and a 200-day moving average of $379.27. The stock has a market cap of $14.97 billion, a PE ratio of 5.45, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group has a fifty-two week low of $343.76 and a fifty-two week high of $407.30.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.30%. Everest Group’s payout ratio is 12.52%.

Insiders Place Their Bets

In related news, Director William F. Galtney, Jr. bought 2,870 shares of the stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the purchase, the director now owns 32,822 shares in the company, valued at approximately $11,443,062.08. The trade was a 9.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mike Karmilowicz sold 269 shares of the 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 sale, the executive vice president now owns 12,726 shares of the company’s stock, valued at $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. 1.20% of the stock is owned by insiders.

Institutional Trading of Everest Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position 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 acquiring an additional 16,180 shares during the period. AQR Capital Management LLC grew its stake in shares of Everest Group by 1.8% in the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company’s stock worth $393,395,000 after purchasing an additional 17,885 shares during the last quarter. William Blair Investment Management LLC increased its holdings in 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 purchasing an additional 134,517 shares during the period. Dimensional Fund Advisors LP raised its position in Everest Group by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock valued at $203,891,000 after purchasing an additional 38,254 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Everest Group by 6.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company’s stock worth $192,267,000 after buying an additional 30,458 shares during the period. Institutional investors own 92.64% of the company’s stock.

About Everest Group

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.