Recent Research Analysts’ Ratings Updates for Everest Group (EG)

Posted by Christopher Mengel on Jan 22nd, 2025

Everest Group (NYSE: EG) has recently received a number of price target changes and ratings updates:

1/14/2025 – Everest Group had its price target lowered by analysts at Wells Fargo & Company from $390.00 to $380.00. They now have an “equal weight” rating on the stock.
1/10/2025 – Everest Group had its price target raised by analysts at Keefe, Bruyette & Woods from $420.00 to $434.00. They now have an “outperform” rating on the stock.
1/10/2025 – Everest Group was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $453.00 price target on the stock, up previously from $372.00.
1/6/2025 – Everest Group had its price target lowered by analysts at Barclays PLC from $517.00 to $499.00. They now have an “overweight” rating on the stock.
12/4/2024 – Everest Group had its price target lowered by analysts at Wells Fargo & Company from $402.00 to $390.00. They now have an “equal weight” rating on the stock.
11/26/2024 – Everest Group was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $429.00 price target on the stock, up previously from $420.00.

Everest Group Price Performance

EG stock traded up $0.95 on Wednesday, reaching $365.28. The company had a trading volume of 92,145 shares, compared to its average volume of 335,727. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The company’s fifty day moving average is $367.71 and its 200 day moving average is $376.40. The company has a market cap of $15.70 billion, a P/E ratio of 5.72, a PEG ratio of 2.44 and a beta of 0.65. Everest Group, Ltd. has a 1 year low of $343.76 and a 1 year high of $407.30.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is currently 12.52%.

Insider Transactions at Everest Group

In other news, EVP Mike Karmilowicz sold 269 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the sale, the executive vice president now owns 12,726 shares in the company, valued at approximately $4,434,756.48. This represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William F. Galtney, Jr. acquired 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 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. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Everest Group

Several large investors have recently added to or reduced their stakes in the business. Mizuho Securities USA LLC boosted its holdings in Everest Group by 12,263.1% during the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock valued at $162,766,000 after purchasing an additional 412,040 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Everest Group during the 3rd quarter valued at $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Everest Group by 442.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock worth $120,744,000 after buying an additional 251,337 shares in the last quarter. Assetmark Inc. raised its stake in shares of Everest Group by 39.7% in the third quarter. Assetmark Inc. now owns 409,989 shares of the company’s stock worth $160,646,000 after acquiring an additional 116,559 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Everest Group by 21.5% during the third quarter. FMR LLC now owns 410,861 shares of the company’s stock worth $160,988,000 after purchasing an additional 72,822 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

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.