Everest Group, Ltd. (NYSE:EG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Everest Group, Ltd. (NYSE:EG) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $438.00.

EG has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group lifted their price objective on Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Barclays cut their price objective on Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company cut their price objective on Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, BMO Capital Markets restated a “market perform” rating and set a $403.00 price objective on shares of Everest Group in a research report on Friday, August 30th.

Insider Buying and Selling at Everest Group

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction 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 transaction, 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 SEC, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Everest Group

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in shares of Everest Group by 284.8% during the 3rd quarter. SG Americas Securities LLC now owns 24,556 shares of the company’s stock valued at $9,622,000 after buying an additional 18,175 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Everest Group by 163.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,772 shares of the company’s stock worth $1,897,000 after purchasing an additional 2,964 shares during the period. Whittier Trust Co. acquired a new stake in Everest Group in the 1st quarter valued at $1,505,000. Clearbridge Investments LLC raised its position in Everest Group by 1.5% in the first quarter. Clearbridge Investments LLC now owns 289,439 shares of the company’s stock valued at $115,052,000 after purchasing an additional 4,412 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Everest Group during the second quarter worth about $921,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Price Performance

Shares of NYSE:EG opened at $354.61 on Wednesday. The business’s 50 day simple moving average is $384.59 and its 200-day simple moving average is $380.69. The firm has a market capitalization of $15.27 billion, a price-to-earnings 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 current ratio of 0.38 and a quick ratio of 0.38. Everest Group has a 12 month low of $343.76 and a 12 month 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.