Everest Group, Ltd. (NYSE:EG) Receives Average Rating of “Hold” from Analysts

Shares of Everest Group, Ltd. (NYSE:EG) have received an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $416.50.

EG has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. TD Cowen dropped their price objective on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Morgan Stanley reissued an “equal weight” rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th.

Everest Group Trading Up 0.8 %

Shares of Everest Group stock opened at $356.21 on Tuesday. Everest Group has a 12-month low of $327.37 and a 12-month high of $407.30. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market cap of $15.31 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 0.24 and a beta of 0.65. The company has a 50-day moving average of $352.59 and a two-hundred day moving average of $370.08.

Everest Group (NYSE:EG) last issued its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. On average, research analysts anticipate that Everest Group will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be given a dividend of $2.00 per share. The ex-dividend date is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.25%. Everest Group’s dividend payout ratio (DPR) is currently 25.47%.

Institutional Trading of Everest Group

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Everest Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,560,030 shares of the company’s stock worth $2,015,288,000 after acquiring an additional 43,793 shares during the last quarter. Norges Bank acquired a new position in shares of Everest Group in the 4th quarter valued at $488,588,000. Franklin Resources Inc. boosted its holdings in shares of Everest Group by 0.4% in the 4th quarter. Franklin Resources Inc. now owns 1,281,611 shares of the company’s stock valued at $464,533,000 after purchasing an additional 4,544 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Everest Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,164,081 shares of the company’s stock valued at $424,344,000 after purchasing an additional 8,321 shares during the last quarter. Finally, Vulcan Value Partners LLC boosted its holdings in shares of Everest Group by 279.1% in the 4th quarter. Vulcan Value Partners LLC now owns 978,713 shares of the company’s stock valued at $354,768,000 after purchasing an additional 720,572 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

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.