Everest Group (NYSE:EG) Stock Rating Upgraded by Wall Street Zen

Everest Group (NYSE:EG) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other research firms have also recently commented on EG. Barclays boosted their target price on shares of Everest Group from $405.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Raymond James Financial set a $375.00 target price on shares of Everest Group and gave the stock an “outperform” rating in a research note on Monday, September 22nd. Wells Fargo & Company boosted their target price on shares of Everest Group from $371.00 to $383.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price on shares of Everest Group from $405.00 to $416.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Finally, Wolfe Research upgraded shares of Everest Group to a “strong sell” rating in a research report on Tuesday, September 16th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $382.79.

Everest Group Stock Down 0.0%

EG opened at $349.12 on Friday. Everest Group has a fifty-two week low of $320.00 and a fifty-two week high of $392.78. 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 company has a fifty day moving average of $345.50 and a two-hundred day moving average of $342.32. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 0.24 and a beta of 0.48.

Everest Group (NYSE:EG) last released its earnings results on Wednesday, July 30th. The company reported $17.36 EPS for the quarter, topping analysts’ consensus estimates of $15.14 by $2.22. The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Everest Group had a net margin of 4.56% and a return on equity of 5.89%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $16.85 earnings per share. On average, research analysts expect that Everest Group will post 47.93 earnings per share for the current year.

Institutional Trading of Everest Group

Hedge funds have recently made changes to their positions in the company. SVB Wealth LLC purchased a new stake in shares of Everest Group in the 1st quarter valued at approximately $30,000. Tsfg LLC purchased a new stake in shares of Everest Group in the 1st quarter valued at approximately $33,000. Zions Bancorporation National Association UT purchased a new stake in shares of Everest Group in the 1st quarter valued at approximately $34,000. Board of the Pension Protection Fund purchased a new stake in shares of Everest Group in the 2nd quarter valued at approximately $34,000. Finally, WPG Advisers LLC purchased a new stake in shares of Everest Group in the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

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.