Everest Group (NYSE:EG) Issues Earnings Results

Everest Group (NYSE:EG) issued its quarterly earnings results on Monday. The company reported ($18.39) EPS for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03), Zacks reports. Everest Group had a net margin of 16.99% and a return on equity of 22.45%.

Everest Group Stock Down 0.5 %

Everest Group stock traded down $1.66 during trading hours on Monday, hitting $345.85. The company had a trading volume of 589,135 shares, compared to its average volume of 421,178. The firm’s fifty day moving average is $365.34 and its 200-day moving average is $375.07. The firm has a market capitalization of $14.86 billion, a P/E ratio of 5.41, a price-to-earnings-growth ratio of 2.50 and a beta of 0.65. Everest Group has a fifty-two week low of $341.00 and a fifty-two week high of $407.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s dividend payout ratio is currently 12.52%.

Analysts Set New Price Targets

EG has been the subject of a number of research analyst reports. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Barclays decreased their price target on Everest Group from $499.00 to $461.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their price objective on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Bank of America decreased their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $453.00 to $375.00 in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $422.56.

Insider Buying and Selling 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. Corporate insiders own 1.20% 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.