Wells Fargo & Company Lowers Everest Group (NYSE:EG) Price Target to $402.00

Everest Group (NYSE:EG) had its target price decreased by Wells Fargo & Company from $406.00 to $402.00 in a research report sent to investors on Tuesday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

EG has been the topic of a number of other reports. Keefe, Bruyette & Woods decreased their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley decreased their target price on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a $403.00 price target on shares of Everest Group in a research report on Friday, August 30th. Jefferies Financial Group lifted their price target on shares of Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Bank of America lowered their price objective on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $438.00.

Everest Group Trading Up 2.0 %

Shares of Everest Group stock opened at $354.61 on Tuesday. Everest Group has a fifty-two week low of $343.76 and a fifty-two week high of $417.92. The business’s fifty day moving average is $384.59 and its two-hundred day moving average is $380.69. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.22. The firm has a market cap of $15.27 billion, a PE ratio of 5.55, a P/E/G ratio of 2.45 and a beta of 0.63.

Insider Activity

In related news, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the transaction, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Everest Group

Institutional investors have recently added to or reduced their stakes in the company. Csenge Advisory Group boosted its stake in shares of Everest Group by 2.2% during the 2nd quarter. Csenge Advisory Group now owns 1,239 shares of the company’s stock valued at $472,000 after buying an additional 27 shares during the last quarter. Legend Financial Advisors Inc. boosted its stake in Everest Group by 1.6% during the 2nd quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company’s stock valued at $672,000 after acquiring an additional 27 shares during the last quarter. Wedmont Private Capital grew its holdings in 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 acquiring an additional 29 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after purchasing an additional 31 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its position in shares of Everest Group by 4.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 745 shares of the company’s stock worth $284,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

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.