Everest Group (NYSE:EG) Receives Hold (C) Rating from Weiss Ratings

Everest Group (NYSE:EG - Get Free Report)'s stock had its "hold (c)" rating reissued by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the company. Cowen restated a "hold" rating on shares of Everest Group in a report on Tuesday. Citigroup assumed coverage on Everest Group in a report on Wednesday, August 13th. They set a "neutral" rating and a $362.00 target price for the company. Evercore ISI increased their price objective on Everest Group from $380.00 to $384.00 and gave the stock an "in-line" rating in a report on Wednesday, October 1st. Barclays increased their price objective on Everest Group from $405.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Janney Montgomery Scott assumed coverage on Everest Group in a report on Friday, June 20th. They issued a "buy" rating and a $425.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $389.60.

Everest Group Price Performance

Shares of Everest Group stock opened at $359.88 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24. The company has a market cap of $15.09 billion, a PE ratio of 19.10, a P/E/G ratio of 0.27 and a beta of 0.48. The business has a 50 day moving average of $341.12 and a 200 day moving average of $342.84. Everest Group has a 52 week low of $320.00 and a 52 week high of $402.11.

Everest Group (NYSE:EG - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $17.36 EPS for the quarter, beating analysts' consensus estimates of $15.14 by $2.22. The company had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.22 billion. Everest Group had a return on equity of 5.89% and a net margin of 4.56%.The firm's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $16.85 earnings per share. As a group, equities research analysts forecast that Everest Group will post 47.93 earnings per share for the current year.

Institutional Investors Weigh In On Everest Group

Institutional investors have recently modified their holdings of the stock. SVB Wealth LLC purchased a new stake in shares of Everest Group during the first quarter valued at $30,000. Tsfg LLC purchased a new stake in shares of Everest Group during the first quarter valued at $33,000. Zions Bancorporation National Association UT purchased a new stake in shares of Everest Group during the first quarter valued at $34,000. Board of the Pension Protection Fund purchased a new stake in shares of Everest Group during the second quarter valued at $34,000. Finally, WPG Advisers LLC purchased a new stake in shares of Everest Group during the first quarter valued at $37,000. 92.64% of the stock is owned by hedge funds and other 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.

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