Everest Group (NYSE:EG) Given New $402.00 Price Target at Wells Fargo & Company

Everest Group (NYSE:EG) had its price target reduced by Wells Fargo & Company from $406.00 to $402.00 in a research note published on Tuesday, Benzinga reports. They currently have an equal weight rating on the stock.

EG has been the topic of a number of other reports. Jefferies Financial Group lifted their price objective on shares of Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Bank of America dropped their price target on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $403.00 price objective on shares of Everest Group in a report on Friday, August 30th. TD Cowen dropped 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. Finally, Keefe, Bruyette & Woods reduced their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. 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 to the company’s stock. According to data from MarketBeat, Everest Group has an average rating of “Moderate Buy” and a consensus target price of $438.00.

Everest Group Stock Up 2.0 %

Everest Group stock opened at $354.61 on Tuesday. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 2.45 and a beta of 0.63. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $384.59 and a two-hundred day moving average of $380.69. Everest Group has a twelve month low of $343.76 and a twelve month high of $417.92.

Insider Activity

In related news, 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 directly owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Everest Group

Several institutional investors and hedge funds have recently modified their holdings of EG. American National Bank acquired a new position in shares of Everest Group during the 2nd quarter worth approximately $27,000. M&R Capital Management Inc. acquired a new position in shares of Everest Group in the third quarter worth $29,000. Bruce G. Allen Investments LLC lifted its position 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 valued at $31,000 after acquiring an additional 52 shares in the last quarter. Eastern Bank purchased a new stake in shares of Everest Group in the third quarter valued at $35,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Everest Group by 36.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock valued at $44,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other 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.