Everest Group (NYSE:EG) Hits New 52-Week Low – What’s Next?

Everest Group, Ltd. (NYSE:EG) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $330.20 and last traded at $330.20, with a volume of 19373 shares changing hands. The stock had previously closed at $333.47.

Wall Street Analyst Weigh In

EG has been the topic of a number of research analyst reports. TD Cowen lowered their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and upped their price target for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Morgan Stanley reissued an “equal weight” rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods boosted their target price on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, Barclays upped their target price on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $411.89.

Everest Group Stock Down 0.4 %

The firm has a 50-day moving average of $359.49 and a two-hundred day moving average of $373.10. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. As a group, sell-side analysts anticipate that Everest Group, Ltd. will post 53.11 earnings per share for the current year.

Insider Transactions at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the firm’s 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 directly owns 15,009 shares in the company, valued at $5,553,330. This trade represents a 1.32 % 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. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Everest Group

Hedge funds have recently bought and sold shares of the company. Wedmont Private Capital grew its holdings in shares of Everest Group by 4.8% during the 3rd quarter. Wedmont Private Capital now owns 638 shares of the company’s stock worth $238,000 after purchasing an additional 29 shares in the last quarter. Dakota Wealth Management grew its stake in shares of Everest Group by 1.7% in the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock valued at $705,000 after purchasing an additional 32 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in shares of Everest Group by 19.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock worth $71,000 after buying an additional 32 shares in the last quarter. Steph & Co. lifted its position in shares of Everest Group by 10.6% during the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock worth $133,000 after buying an additional 35 shares during the period. Finally, Lester Murray Antman dba SimplyRich boosted its stake in Everest Group by 2.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock valued at $481,000 after buying an additional 35 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

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.