Barclays Lowers Everest Group (NYSE:EG) Price Target to $499.00

Everest Group (NYSE:EG) had its price target cut by stock analysts at Barclays from $517.00 to $499.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 34.52% from the company’s current price.

Other analysts have also issued reports about the company. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Wells Fargo & Company lowered their price target on Everest Group from $402.00 to $390.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. TD Cowen cut their price objective 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. UBS Group upgraded shares of Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Finally, BMO Capital Markets dropped their price target on shares of Everest Group from $383.00 to $372.00 and set a “market perform” rating on the stock in a research report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Everest Group currently has an average rating of “Hold” and a consensus target price of $428.00.

Everest Group Trading Up 2.6 %

NYSE:EG opened at $370.96 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group has a one year low of $343.76 and a one year high of $407.30. The company has a market cap of $15.94 billion, a PE ratio of 5.81, a PEG ratio of 2.69 and a beta of 0.65. The firm has a 50-day moving average of $368.03 and a 200-day moving average of $377.35.

Insider Buying and Selling at Everest Group

In related news, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the sale, the executive vice president now directly owns 12,726 shares in the company, valued at approximately $4,434,756.48. The trade was a 2.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO James Allan Williamson sold 200 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the transaction, the chief operating officer now owns 15,009 shares of the company’s stock, valued at $5,553,330. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Everest Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Wedmont Private Capital boosted its stake in Everest Group by 4.8% in the 3rd quarter. Wedmont Private Capital now owns 638 shares of the company’s stock worth $238,000 after purchasing an additional 29 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of Everest Group by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock worth $4,392,000 after buying an additional 38 shares in the last quarter. Covestor Ltd boosted its position in shares of Everest Group by 9.0% in the third quarter. Covestor Ltd now owns 520 shares of the company’s stock valued at $204,000 after acquiring an additional 43 shares during the period. WealthTrust Asset Management LLC grew its stake in Everest Group by 1.7% during the second quarter. WealthTrust Asset Management LLC now owns 2,770 shares of the company’s stock valued at $1,055,000 after acquiring an additional 45 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after acquiring an additional 45 shares during the period. Institutional investors 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.