Everest Group, Ltd. (NYSE:EG) Stock Has Average Target Price of $409.50

Everest Group, Ltd. (NYSE:EG) has received a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $409.50.

A number of equities analysts have issued reports on the company. UBS Group increased their price objective on Everest Group from $374.00 to $395.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Morgan Stanley raised their price target on Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Citigroup lifted their price objective on Everest Group from $395.00 to $415.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Cantor Fitzgerald upped their price objective on Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th.

Institutional Trading of Everest Group

Large investors have recently added to or reduced their stakes in the business. Trifecta Capital Advisors LLC bought a new position in Everest Group in the second quarter worth approximately $29,000. Root Financial Partners LLC grew its position in shares of Everest Group by 70.1% during the 1st quarter. Root Financial Partners LLC now owns 165 shares of the company’s stock valued at $54,000 after acquiring an additional 68 shares during the period. Transamerica Financial Advisors LLC bought a new stake in shares of Everest Group during the 2nd quarter valued at $80,000. SJS Investment Consulting Inc. increased its stake in shares of Everest Group by 85.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 252 shares of the company’s stock worth $82,000 after purchasing an additional 116 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new stake in shares of Everest Group in the 2nd quarter worth $116,000. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Performance

NYSE:EG opened at $368.29 on Wednesday. The stock has a market cap of $14.12 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 0.55 and a beta of 0.26. The firm’s fifty day simple moving average is $374.00 and its 200 day simple moving average is $355.67. Everest Group has a twelve month low of $302.44 and a twelve month high of $401.07. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last announced its earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share for the quarter. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The firm had revenue of $3.96 billion for the quarter. As a group, research analysts predict that Everest Group will post 53.88 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, September 9th. Everest Group’s dividend payout ratio is 16.92%.

About Everest Group

Everest Group, Ltd. is a global specialty insurance and reinsurance company headquartered in Hamilton, Bermuda. The company provides risk-management and underwriting solutions to businesses, institutions, and insurance companies through its insurance and reinsurance operations.

Everest’s products and services include property and casualty insurance, specialty insurance, and reinsurance coverage. Its offerings address a range of risks, including property, casualty, workers’ compensation, professional liability, marine, aviation, accident and health, and other specialty exposures.