Recent Research Analysts’ Ratings Changes for Everest Group (EG)

A number of research firms have changed their ratings and price targets for Everest Group (NYSE: EG):

• 11/18/2024 – Everest Group had its price target lowered by analysts at TD Cowen from $444.00 to $419.00. They now have a “hold” rating on the stock.
• 11/14/2024 – Everest Group had its price target lowered by analysts at BMO Capital Markets from $383.00 to $372.00. They now have a “market perform” rating on the stock.
• 11/5/2024 – Everest Group had its price target lowered by analysts at Wells Fargo & Company from $406.00 to $402.00. They now have an “equal weight” rating on the stock.
• 10/31/2024 – Everest Group had its price target lowered by analysts at Barclays PLC from $527.00 to $517.00. They now have an “overweight” rating on the stock.
• 10/10/2024 – Everest Group had its price target raised by analysts at Wells Fargo & Company from $393.00 to $406.00. They now have an “equal weight” rating on the stock.
• 10/10/2024 – Everest Group had its price target lowered by analysts at Bank of America Co. from $496.00 to $485.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Everest Group was upgraded by analysts at UBS Group AG to a “hold” rating.
• 10/9/2024 – Everest Group had its price target raised by analysts at Jefferies Financial Group Inc. from $440.00 to $457.00. They now have a “buy” rating on the stock.

Everest Group Trading Up 1.6 %

Everest Group stock traded up $6.08 during mid-day trading on Thursday, hitting $382.95. The company’s stock had a trading volume of 71,929 shares, compared to its average volume of 347,547. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. The business has a 50 day moving average price of $380.51 and a 200-day moving average price of $380.68. The stock has a market cap of $16.46 billion, a price-to-earnings ratio of 5.99, a price-to-earnings-growth ratio of 2.72 and a beta of 0.63. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $417.92.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.09%. Everest Group’s dividend payout ratio is presently 12.52%.

Insider Buying and Selling

In other Everest Group news, COO James Allan Williamson sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were 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 of the company’s stock, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William F. Galtney, Jr. purchased 2,870 shares of Everest Group stock in a transaction dated Monday, November 4th. The shares were bought at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the acquisition, the director now directly owns 32,822 shares of the company’s stock, valued at approximately $11,443,062.08. This represents a 9.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Everest Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EG. Toronto Dominion Bank increased its stake in Everest Group by 1.0% in the 3rd quarter. Toronto Dominion Bank now owns 21,585 shares of the company’s stock worth $8,458,000 after buying an additional 212 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in Everest Group by 12.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 701 shares of the company’s stock worth $272,000 after purchasing an additional 76 shares in the last quarter. Geode Capital Management LLC boosted its stake in Everest Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company’s stock worth $453,818,000 after purchasing an additional 16,180 shares during the period. Brophy Wealth Management LLC purchased a new stake in Everest Group during the 3rd quarter valued at approximately $749,000. Finally, Continuum Advisory LLC grew its holdings in Everest Group by 10.4% during the 3rd quarter. Continuum Advisory LLC now owns 9,453 shares of the company’s stock valued at $3,465,000 after buying an additional 887 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

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.