1 week Ago By Defense World Staff
Everest Group (NYSE:EG – Get Free Report) had its price objective cut by investment analysts at Barclays from $470.00 to $394.00 in a research note issued to investors on Friday,Benzinga reports.
The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 12.64% from the company’s current price.
Several other equities research analysts have also weighed in on the company. Keefe, Bruyette & Woods dropped their price target on Everest Group from $434.00 to $402.
00 and set an “outperform” rating on the stock in a research report on Wednesday. Jefferies Financial Group upgraded shares of Everest Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $376.00 to $415.
00 in a report on Friday. Wells Fargo & Company lowered their target price on Everest Group from $370.00 to $362.
00 and set an “equal weight” rating on the stock in a report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 target price (down from $425.
00) on shares of Everest Group in a report on Wednesday, February 5th. Finally, BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $453.00 to $375.
00 in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.
com, the company has an average rating of “Hold” and an average price target of $396.00.Get Our Latest Research Report on EGEverest Group Price PerformanceShares of Everest Group stock opened at $349.
79 on Friday. The company has a fifty day moving average of $348.82 and a 200-day moving average of $363.
47. Everest Group has a 52-week low of $320.00 and a 52-week high of $407.
30. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of 11.
14, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43.
The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.
40. Everest Group (NYSE:EG – Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($18.
39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03).
Everest Group had a return on equity of 9.04% and a net margin of 7.95%.
Equities research analysts expect that Everest Group will post 47.93 EPS for the current year. Insider ActivityIn related news, Director Geraldine Losquadro sold 1,500 shares of the business’s stock in a transaction on Tuesday, March 18th.
The stock was sold at an average price of $360.63, for a total transaction of $540,945.00.
Following the completion of the transaction, the director now owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.
89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.
20% of the company’s stock. Institutional Trading of Everest GroupSeveral institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc.
bought a new position in Everest Group during the 4th quarter worth about $29,000. SBI Securities Co. Ltd.
acquired a new position in shares of Everest Group in the fourth quarter valued at about $31,000. Optiver Holding B.V.
acquired a new position in Everest Group during the fourth quarter valued at $51,000. Wilmington Savings Fund Society FSB acquired a new stake in Everest Group during the third quarter worth about $64,000. Finally, Private Trust Co.
NA boosted its holdings in Everest Group by 48.5% during the fourth quarter. Private Trust Co.
NA now owns 196 shares of the company’s stock worth $71,000 after buying an additional 64 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.
Everest Group Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Everest GroupManufacturing Stocks InvestingRobinhood Strategies Could Be a Game-Changer for Young InvestorsAbout the Markup CalculatorAre These 3 Retail Stocks Oversold or Really in Trouble?What Does a Gap Up Mean in Stocks? How to Play the GapIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
