Everest Group (NYSE:EG) Given New $461.00 Price Target at Barclays

Everest Group (NYSE:EG) had its price objective dropped by investment analysts at Barclays from $499.00 to $461.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 23.62% from the stock’s previous close.

A number of other analysts have also recently weighed in on EG. 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 report on Thursday, October 10th. UBS Group raised Everest Group to a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price objective on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. BMO Capital Markets raised Everest Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $372.00 to $453.00 in a research note on Friday, January 10th. Finally, TD Cowen decreased their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $431.22.

Everest Group Price Performance

Shares of EG opened at $372.92 on Tuesday. Everest Group has a 12 month low of $343.76 and a 12 month high of $407.30. 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 stock has a fifty day moving average price of $367.38 and a 200 day moving average price of $376.13. The company has a market cap of $16.03 billion, a P/E ratio of 5.84, a PEG ratio of 2.47 and a beta of 0.65.

Insiders Place Their Bets

In other news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the sale, the chief operating officer now owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the completion of the transaction, the executive vice president now owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Everest Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MBB Public Markets I LLC acquired a new stake in shares of Everest Group in the 2nd quarter valued at $1,285,000. Creative Planning increased its stake in shares of Everest Group by 75.5% in the 2nd quarter. Creative Planning now owns 2,536 shares of the company’s stock valued at $966,000 after acquiring an additional 1,091 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Everest Group in the second quarter worth $921,000. Cetera Investment Advisers increased its position in shares of Everest Group by 9.0% in the 2nd quarter. Cetera Investment Advisers now owns 5,316 shares of the company’s stock valued at $2,026,000 after buying an additional 437 shares in the last quarter. Finally, Delphi Management Inc. MA raised its stake in Everest Group by 1.3% during the 2nd quarter. Delphi Management Inc. MA now owns 4,773 shares of the company’s stock worth $1,819,000 after buying an additional 60 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.