Shares of Everest Group, Ltd. (NYSE:EG – Get Free Report) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $438.82.
A number of equities analysts have commented on EG shares. Barclays began coverage on Everest Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $527.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Everest Group from $392.00 to $393.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Jefferies Financial Group boosted their target price on shares of Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets reiterated a “market perform” rating and set a $403.00 target price on shares of Everest Group in a research report on Friday, August 30th. Finally, Bank of America raised their price target on shares of Everest Group from $470.00 to $493.00 and gave the company a “buy” rating in a report on Thursday, July 11th.
Institutional Inflows and Outflows
Everest Group Stock Up 4.2 %
EG opened at $389.58 on Friday. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 2.76 and a beta of 0.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The firm’s 50-day simple moving average is $381.79 and its 200-day simple moving average is $380.58. Everest Group has a twelve month low of $343.76 and a twelve month high of $417.92.
Everest Group (NYSE:EG – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $16.85 earnings per share for the quarter, missing the consensus estimate of $16.97 by ($0.12). The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.32 billion. Everest Group had a return on equity of 24.09% and a net margin of 18.36%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the business posted $15.21 EPS. Equities research analysts anticipate that Everest Group will post 61.66 EPS for the current fiscal year.
Everest Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.05%. Everest Group’s dividend payout ratio (DPR) is presently 11.89%.
About Everest Group
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.
Recommended Stories
- Five stocks we like better than Everest Group
- Profitably Trade Stocks at 52-Week Highs
- 3 Momentum Trades for October With Ample Upside Ahead
- What Are Some of the Best Large-Cap Stocks to Buy?
- Roblox Dips on Short Report—Here’s Why It Could Bounce Back Fast
- The 3 Best Blue-Chip Stocks to Buy Now
- 2 Reasons to Jump on Apple Stock Now and 1 Reason to Think Twice
Receive News & Ratings for Everest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everest Group and related companies with MarketBeat.com's FREE daily email newsletter.