Everest Group (NYSE:EG) Price Target Raised to $434.00

Everest Group (NYSE:EG) had its price target upped by equities research analysts at Keefe, Bruyette & Woods from $420.00 to $434.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 20.70% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Barclays lowered their target price on shares of Everest Group from $517.00 to $499.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group upgraded Everest Group to a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company lowered their target price on Everest Group from $402.00 to $390.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. TD Cowen dropped their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Finally, Bank of America dropped their price objective 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. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $436.56.

Everest Group Stock Down 2.4 %

EG stock traded down $8.87 during trading on Friday, hitting $359.56. 113,775 shares of the stock traded hands, compared to its average volume of 288,616. The stock has a market cap of $15.45 billion, a price-to-earnings ratio of 5.63, a price-to-earnings-growth ratio of 2.69 and a beta of 0.65. 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 firm’s 50 day moving average is $368.04 and its two-hundred day moving average is $377.22. Everest Group has a 1 year low of $343.76 and a 1 year high of $407.30.

Insider Buying and Selling at Everest Group

In related news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the transaction, the chief operating officer now owns 15,009 shares in the company, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William F. Galtney, Jr. purchased 2,870 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was acquired at an average cost of $348.64 per share, with a total value of $1,000,596.80. Following the transaction, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. This trade represents a 9.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Everest Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Legend Financial Advisors Inc. lifted its position in Everest Group by 6.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,860 shares of the company’s stock worth $674,000 after acquiring an additional 113 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Everest Group by 19.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company’s stock worth $30,747,000 after purchasing an additional 12,791 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Everest Group by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company’s stock worth $21,117,000 after purchasing an additional 2,818 shares during the period. SPX Gestao de Recursos Ltda purchased a new position in shares of Everest Group in the 3rd quarter valued at about $6,986,000. Finally, Synovus Financial Corp lifted its stake in shares of Everest Group by 116.4% in the third quarter. Synovus Financial Corp now owns 4,561 shares of the company’s stock valued at $1,787,000 after purchasing an additional 2,453 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

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.