BMO Capital Markets Issues Pessimistic Forecast for Everest Group (NYSE:EG) Stock Price

Everest Group (NYSE:EG) had its price objective trimmed by BMO Capital Markets from $383.00 to $372.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other equities research analysts also recently issued reports on EG. Barclays decreased their price objective on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Bank of America cut their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. UBS Group raised Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods cut their target price 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. Finally, Jefferies Financial Group upped their target price on Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.18.

Everest Group Trading Up 1.3 %

Shares of EG stock opened at $371.33 on Thursday. Everest Group has a 1 year low of $343.76 and a 1 year high of $417.92. 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’s 50 day simple moving average is $380.99 and its two-hundred day simple moving average is $380.69. The company has a market cap of $15.96 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 2.66 and a beta of 0.63.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.15%. Everest Group’s dividend payout ratio is currently 12.52%.

Insiders Place Their Bets

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the completion of the sale, the executive vice president now owns 12,726 shares in the company, valued at $4,434,756.48. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William F. Galtney, Jr. bought 2,870 shares of the stock in a transaction on Monday, November 4th. The shares were bought at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the acquisition, the director now owns 32,822 shares of the company’s stock, 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. 1.20% of the stock is owned by company insiders.

Institutional Trading of Everest Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of Everest Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company’s stock valued at $453,818,000 after purchasing an additional 16,180 shares during the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of Everest Group during the 3rd quarter valued at $749,000. Continuum Advisory LLC lifted its holdings in shares of Everest Group by 10.4% during the 3rd quarter. Continuum Advisory LLC now owns 9,453 shares of the company’s stock valued at $3,465,000 after purchasing an additional 887 shares during the last quarter. Peloton Wealth Strategists lifted its holdings in shares of Everest Group by 48.3% during the 3rd quarter. Peloton Wealth Strategists now owns 1,060 shares of the company’s stock valued at $415,000 after purchasing an additional 345 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Everest Group during the 3rd quarter valued at $7,625,000. Hedge funds and other 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.