Everest Group, Ltd. (NYSE:EG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Everest Group, Ltd. (NYSE:EG) have been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $438.00.

EG has been the topic of several recent research reports. UBS Group raised Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Bank of America reduced their price target on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. 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 report on Tuesday, August 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $403.00 target price on shares of Everest Group in a research report on Friday, August 30th. Finally, Jefferies Financial Group upped their target price on Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th.

Insider Activity

In other news, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was 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 directly owns 12,726 shares in the company, valued at approximately $4,434,756.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. American National Bank bought a new position in Everest Group during the 2nd quarter worth $27,000. M&R Capital Management Inc. bought a new position in shares of Everest Group in the third quarter worth $29,000. Bruce G. Allen Investments LLC grew its stake in shares of Everest Group by 200.0% in the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after purchasing an additional 52 shares in the last quarter. Eastern Bank bought a new position in shares of Everest Group in the third quarter worth $35,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Everest Group by 36.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after purchasing an additional 31 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Performance

Everest Group stock opened at $354.61 on Wednesday. The stock’s 50 day moving average price is $384.59 and its 200 day moving average price is $380.69. The firm has a market capitalization of $15.27 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 2.45 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38. Everest Group has a one year low of $343.76 and a one year high of $417.92.

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.