NYSE:EG

Everest Group (EG) Stock Price, News & Analysis

$366.41
-2.70 (-0.73%)
(As of 04/30/2024 ET)
Today's Range
$351.52
$367.62
50-Day Range
$357.20
$398.04
52-Week Range
$331.08
$417.92
Volume
563,295 shs
Average Volume
370,738 shs
Market Capitalization
$19.51 billion
P/E Ratio
6.13
Dividend Yield
1.91%
Price Target
$432.11

Everest Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
17.9% Upside
$432.11 Price Target
Short Interest
Healthy
2.18% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.10mentions of Everest Group in the last 14 days
Based on 15 Articles This Week
Insider Trading
Acquiring Shares
$874,786 Bought Last Quarter
Proj. Earnings Growth
11.45%
From $61.23 to $68.24 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.99 out of 5 stars

Finance Sector

304th out of 846 stocks

Fire, Marine, & Casualty Insurance Industry

17th out of 48 stocks

EG stock logo

About Everest Group Stock (NYSE:EG)

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. The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines, and general agents in the United States, Bermuda, Canada, Europe, South America, Singapore, France, Germany, Spain, Canada, Chile, the United Kingdom, Ireland, and the Netherlands. The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and accident and health, specialty underwriters, eversports and entertainment, and surety and credit, marine and aviation, as well as structured and property hybrid solutions. In addition, it offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators. The company was formerly known as Everest Re Group, Ltd. and changed its name to Everest Group, Ltd. in July 2023.Everest Group, Ltd., was founded in 1973 and is headquartered in Hamilton, Bermuda.

EG Stock Price History

EG Stock News Headlines

Everest Reports First Quarter 2024 Results
Have You Seen Elon’s New A.I. Device? (Picture Inside)
A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. Click here to see this strange device you could be wearing some day. Elon believes A.I. is advancing so fast...
What Wall Street expects from Everest Reinsurance Group's earnings
Everest Group Q1 2024 Earnings Preview
Strong Tech Earnings Boost Stocks
Everest Global Plc - Result of AGM
Everest Group (EG) Scheduled to Post Earnings on Monday
Have You Seen Elon’s New A.I. Device? (Picture Inside)
A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. Click here to see this strange device you could be wearing some day. Elon believes A.I. is advancing so fast...
Everest Group, Ltd.
EG Apr 2024 190.000 call
EG Apr 2024 580.000 call
See More Headlines
Receive EG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Everest Group and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 3/27 Dividend
3/18/2024
Dividend Payable
3/27/2024
Last Earnings
4/29/2024
Today
4/30/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
N/A
Employees
2,844
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$432.11
High Stock Price Target
$460.00
Low Stock Price Target
$375.00
Potential Upside/Downside
+18.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$2.52 billion
Pretax Margin
14.77%

Debt

Sales & Book Value

Annual Sales
$14.59 billion
Cash Flow
$62.35 per share
Book Value
$304.26 per share

Miscellaneous

Free Float
52,618,000
Market Cap
$19.39 billion
Optionable
Optionable
Beta
0.56
7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

Key Executives

  • Mr. Juan Carlos Andrade (Age 58)
    President, CEO & Director
    Comp: $4.85M
  • Mr. Mark Kociancic (Age 55)
    Executive VP & Group CFO
    Comp: $2.53M
  • Mr. James Allan Williamson (Age 50)
    EVP, Group COO, Head of Everest Insurance & Reinsurance Division
    Comp: $2.25M
  • Mr. Michael Karmilowicz (Age 55)
    Executive VP & Chairman of Everest Global Insurance
    Comp: $2.05M
  • Mr. Seth W. Vance (Age 63)
    Chief Investment Officer
  • Mr. Robert Joseph Freiling
    Senior VP & Chief Accounting Officer
  • Mr. Brian Lee Bedner
    Head of Corporate Finance
  • Mr. Srini Maddineni
    Group Chief Information Officer, Senior VP and Global CIO for Insurance & Reinsurance Systems
  • Mr. Matthew Jay Rohrmann
    Senior VP & Head of Investor Relations
  • Mr. Ricardo Arturo Anzaldua-Montoya (Age 70)
    Executive VP & Group General Counsel

Should I Buy Everest Group Stock? EG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Everest Group, Ltd.:

  • Everest Group, Ltd. operates in the fire, marine, & casualty insurance industry, providing a diversified portfolio of insurance and reinsurance products internationally.
  • The company offers a range of insurance products including property and casualty insurance, accident and health, marine and aviation, and specialty underwriters, providing investors exposure to various segments of the insurance market.
  • Recent developments show a positive growth trajectory for Everest Group, Ltd., indicating potential for increased profitability and stock price appreciation.
  • Everest Group, Ltd. has a strong presence in key markets such as the United States, Europe, and internationally, enhancing its global reach and revenue streams.
  • Investors may find Everest Group, Ltd.'s stock price attractive based on recent market trends and valuation metrics, offering a potentially favorable entry point.

Cons

Investors should be bearish about investing in Everest Group, Ltd. for these reasons:

  • Fluctuations in the insurance and reinsurance industry due to external factors like natural disasters, regulatory changes, and economic conditions can impact Everest Group, Ltd.'s financial performance and stock price.
  • Competitive pressures within the insurance market may pose challenges for Everest Group, Ltd. in maintaining market share and profitability, affecting investor returns.
  • Investing in insurance companies like Everest Group, Ltd. involves risks related to underwriting losses, claims volatility, and exposure to catastrophic events, which can impact financial stability.
  • Changes in interest rates and investment market conditions can influence Everest Group, Ltd.'s investment portfolio returns and overall profitability, affecting investor confidence.
  • Investors should consider the potential impact of regulatory changes and compliance requirements on Everest Group, Ltd.'s operations and financial results, which could affect shareholder value.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Everest Group pros and cons to contact@marketbeat.com.

EG Stock Analysis - Frequently Asked Questions

Should I buy or sell Everest Group stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Everest Group in the last year. There are currently 3 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EG shares.
View EG analyst ratings
or view top-rated stocks.

What is Everest Group's stock price target for 2024?

7 equities research analysts have issued 12 month price objectives for Everest Group's stock. Their EG share price targets range from $375.00 to $460.00. On average, they expect the company's share price to reach $432.11 in the next twelve months. This suggests a possible upside of 17.9% from the stock's current price.
View analysts price targets for EG
or view top-rated stocks among Wall Street analysts.

How have EG shares performed in 2024?

Everest Group's stock was trading at $353.58 at the start of the year. Since then, EG shares have increased by 3.6% and is now trading at $366.41.
View the best growth stocks for 2024 here
.

Are investors shorting Everest Group?

Everest Group saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 706,900 shares, a drop of 12.8% from the March 15th total of 811,100 shares. Based on an average trading volume of 370,700 shares, the short-interest ratio is currently 1.9 days. Approximately 2.1% of the company's shares are sold short.
View Everest Group's Short Interest
.

When is Everest Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our EG earnings forecast
.

How were Everest Group's earnings last quarter?

Everest Group, Ltd. (NYSE:EG) issued its quarterly earnings data on Monday, April, 29th. The company reported $16.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $15.98 by $0.34. The company had revenue of $4.13 billion for the quarter, compared to analysts' expectations of $4.05 billion. Everest Group had a net margin of 17.26% and a trailing twelve-month return on equity of 25.05%. The company's quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $11.31 EPS.

How often does Everest Group pay dividends? What is the dividend yield for Everest Group?

Everest Group declared a quarterly dividend on Thursday, February 29th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $1.75 per share on Wednesday, March 27th. This represents a $7.00 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Monday, March 18th.
Read our dividend analysis for EG
.

Is Everest Group a good dividend stock?

Everest Group (NYSE:EG) pays an annual dividend of $7.00 per share and currently has a dividend yield of 1.92%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EG will have a dividend payout ratio of 10.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EG.

Who are Everest Group's major shareholders?

Everest Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.86%), Sumitomo Mitsui Trust Holdings Inc. (0.21%), Allspring Global Investments Holdings LLC (0.19%), Allspring Global Investments Holdings LLC (0.19%), Zweig DiMenna Associates LLC (0.18%) and Renaissance Group LLC (0.16%). Insiders that own company stock include James Allan Williamson, Mark Kociancic, Mike Karmilowicz and Roger M Singer.
View institutional ownership trends
.

How do I buy shares of Everest Group?

Shares of EG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EG) was last updated on 4/30/2024 by MarketBeat.com Staff

From Our Partners