Everest Group, Ltd. (NYSE:EG) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Everest Group, Ltd. (NYSE:EG) have received an average rating of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $430.00.

Several analysts have commented on EG shares. BMO Capital Markets lowered their price target on Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a report on Thursday, November 14th. Bank of America lowered their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a report on Thursday, October 10th. TD Cowen cut their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. UBS Group raised shares of Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company dropped their price objective on Everest Group from $402.00 to $390.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th.

Everest Group Price Performance

EG stock opened at $362.38 on Thursday. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. The stock’s fifty day simple moving average is $371.73 and its 200-day simple moving average is $378.19. Everest Group has a 52-week low of $343.76 and a 52-week high of $407.30. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.21%. The ex-dividend date was Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Insider Transactions at Everest Group

In other news, EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction on 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the transaction, the chief operating officer now owns 15,009 shares in the company, valued at $5,553,330. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Everest Group

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in shares of Everest Group by 284.8% during the 3rd quarter. SG Americas Securities LLC now owns 24,556 shares of the company’s stock valued at $9,622,000 after buying an additional 18,175 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Everest Group during the 2nd quarter valued at $921,000. Brophy Wealth Management LLC acquired a new position in Everest Group during the 3rd quarter worth $749,000. Intech Investment Management LLC increased its position in shares of Everest Group by 13.1% in the 3rd quarter. Intech Investment Management LLC now owns 27,324 shares of the company’s stock worth $10,706,000 after purchasing an additional 3,166 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of Everest Group by 17.0% during the third quarter. Mutual of America Capital Management LLC now owns 19,962 shares of the company’s stock worth $7,822,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors and hedge funds 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.