Everest Group (NYSE:EG – Free Report) had its price target cut by Keefe, Bruyette & Woods from $414.00 to $407.00 in a research note published on Monday,Benzinga reports. They currently have an outperform rating on the stock.
A number of other equities analysts also recently weighed in on EG. Atlantic Securities set a $484.00 price target on Everest Group in a research report on Wednesday, July 15th. Royal Bank Of Canada started coverage on Everest Group in a research report on Tuesday, September 22nd. They issued an “outperform” rating and a $455.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Everest Group in a research report on Tuesday, October 6th. Cantor Fitzgerald lifted their target price on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Wells Fargo & Company boosted their target price on Everest Group from $373.00 to $396.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $407.94.
Get Our Latest Stock Analysis on EG
Everest Group Stock Up 0.2%
Everest Group (NYSE:EG – Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share (EPS) for the quarter. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The business had revenue of $3.96 billion during the quarter. Sell-side analysts predict that Everest Group will post 53.69 EPS for the current year.
Everest Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Wednesday, September 9th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, September 9th. Everest Group’s payout ratio is 16.92%.
Institutional Investors Weigh In On Everest Group
Several institutional investors and hedge funds have recently bought and sold shares of the company. Trifecta Capital Advisors LLC bought a new stake in Everest Group during the 2nd quarter worth $29,000. Root Financial Partners LLC increased its holdings in Everest Group by 70.1% in the 1st quarter. Root Financial Partners LLC now owns 165 shares of the company’s stock worth $54,000 after purchasing an additional 68 shares in the last quarter. Fortitude Family Office LLC raised its position in Everest Group by 718.5% in the third quarter. Fortitude Family Office LLC now owns 221 shares of the company’s stock valued at $81,000 after purchasing an additional 194 shares during the last quarter. Transamerica Financial Advisors LLC bought a new position in Everest Group in the second quarter valued at about $80,000. Finally, SJS Investment Consulting Inc. raised its position in Everest Group by 85.3% in the first quarter. SJS Investment Consulting Inc. now owns 252 shares of the company’s stock valued at $82,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.
Everest Group Company Profile
Everest Group, Ltd. is a global specialty insurance and reinsurance company headquartered in Hamilton, Bermuda. The company provides risk-management and underwriting solutions to businesses, institutions, and insurance companies through its insurance and reinsurance operations.
Everest’s products and services include property and casualty insurance, specialty insurance, and reinsurance coverage. Its offerings address a range of risks, including property, casualty, workers’ compensation, professional liability, marine, aviation, accident and health, and other specialty exposures.
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