NYSE:EG

Everest Group (EG) Stock Price, News & Analysis

$378.75
-0.25 (-0.07%)
(As of 05/7/2024 ET)
Today's Range
$376.60
$381.35
50-Day Range
$357.20
$398.04
52-Week Range
$331.08
$417.92
Volume
319,823 shs
Average Volume
371,308 shs
Market Capitalization
$20.17 billion
P/E Ratio
5.63
Dividend Yield
1.85%
Price Target
$432.11

Everest Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
14.1% 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
0.99mentions of Everest Group in the last 14 days
Based on 12 Articles This Week
Insider Trading
Acquiring Shares
$874,786 Bought Last Quarter
Proj. Earnings Growth
11.34%
From $61.49 to $68.46 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.

3.90 out of 5 stars

Finance Sector

315th out of 874 stocks

Fire, Marine, & Casualty Insurance Industry

22nd out of 53 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

Gold Set to EXPLODE!
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Gold Set to EXPLODE!
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Everest Reports First Quarter 2024 Results
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
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
5/08/2024
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
+14.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$2.52 billion
Pretax Margin
16.70%

Debt

Sales & Book Value

Annual Sales
$14.59 billion
Cash Flow
$64.09 per share
Book Value
$304.26 per share

Miscellaneous

Free Float
52,618,000
Market Cap
$20.17 billion
Optionable
Optionable
Beta
0.57
These 7 Stocks Will Be Magnificent in 2024 Cover

With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.

Get This Free Report

Key Executives

  • Mr. Juan Carlos Andrade (Age 58)
    President, CEO & Director
    Comp: $5.16M
  • Mr. Mark Kociancic (Age 55)
    Executive VP & Group CFO
    Comp: $2.82M
  • Mr. James Allan Williamson (Age 50)
    EVP, Group COO & Head of Everest Insurance Division
    Comp: $2.54M
  • Ms. Gail M. Van Beveren
    Executive VP & Chief Human Resources Officer
  • Mr. Michael Karmilowicz (Age 55)
    Executive VP & Chairman of Everest Global Insurance
    Comp: $2.19M
  • 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

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 equities research analysts have issued "buy," "hold," and "sell" ratings for Everest Group in the last twelve months. There are currently 3 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 brokers have issued twelve-month target prices for Everest Group's stock. Their EG share price targets range from $375.00 to $460.00. On average, they predict the company's share price to reach $432.11 in the next year. This suggests a possible upside of 14.1% 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 beginning of the year. Since then, EG shares have increased by 7.1% and is now trading at $378.75.
View the best growth stocks for 2024 here
.

Are investors shorting Everest Group?

Everest Group saw a decrease in short interest in March. As of March 31st, there was short interest totaling 706,900 shares, a decrease of 12.8% from the March 15th total of 811,100 shares. Based on an average daily trading volume, of 370,700 shares, the days-to-cover ratio is currently 1.9 days. Approximately 2.1% of the shares of the company 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 earnings results on Monday, April, 29th. The company reported $16.32 EPS for the quarter, beating the consensus estimate of $15.98 by $0.34. The firm earned $4.13 billion during the quarter, compared to analyst estimates of $4.05 billion. Everest Group had a net margin of 18.69% and a trailing twelve-month return on equity of 24.86%. Everest Group's revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period last year, the firm posted $11.31 EPS.

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

Everest Group announced a quarterly dividend on Thursday, February 29th. Shareholders of record on Tuesday, March 19th will be given a dividend of $1.75 per share on Wednesday, March 27th. This represents a $7.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date 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 1.89%. 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 10.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EG will have a dividend payout ratio of 10.22% 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 number of institutional and retail investors. Top institutional shareholders include LSV Asset Management (0.88%), Los Angeles Capital Management LLC (0.86%), Swiss National Bank (0.24%), Sumitomo Mitsui Trust Holdings Inc. (0.21%), Allspring Global Investments Holdings LLC (0.19%) and Allspring Global Investments Holdings LLC (0.19%). 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 5/8/2024 by MarketBeat.com Staff

From Our Partners