Everest Group (EG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $346.09 to $359.69
• 50-Day Range: $347.75 to $398.66
• 52-Week Range: $343.76 to $407.30
• Volume: 766,964 shs
• Average Volume: 358,453 shs
• Market Capitalization: $15.33 billion
• P/E Ratio: 5.58
• Dividend Yield: 2.24%
• Price Target: $430.00
• Consensus Rating: Hold

Everest Group Stock Analysis - MarketRank™

Everest Group scored higher than 94% of companies evaluated by MarketBeat, and ranked 75th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Everest Group has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 4 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Everest Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.22%

Earnings Growth

Earnings for Everest Group are expected to grow by 15.22% in the coming year, from $57.95 to $66.77 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Everest Group is 5.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Everest Group is 5.58, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.70.

Price to Earnings Growth Ratio

Everest Group has a PEG Ratio of 2.69. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Everest Group has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.80% of the float of Everest Group has been sold short.

Short Interest Ratio / Days to Cover

Everest Group has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Everest Group has recently decreased by 20.88%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Everest Group pays a meaningful dividend of 2.29%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Everest Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Everest Group is 12.52%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Everest Group will have a dividend payout ratio of 11.98% next year. This indicates that Everest Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.80% of the float of Everest Group has been sold short.

Short Interest Ratio / Days to Cover

Everest Group has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Everest Group has recently decreased by 20.88%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.92

News Sentiment

Everest Group has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Everest Group this week, compared to 8 articles on an average week.

Search Interest

7 people have searched for EG on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Everest Group insiders have bought 496.51% more of their company's stock than they have sold. Specifically, they have bought $1,000,597.00 in company stock and sold $167,741.00 in company stock.

Percentage Held by Insiders

Only 1.20% of the stock of Everest Group is held by insiders.

Percentage Held by Institutions

92.64% of the stock of Everest Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EG Stock Analysis - Frequently Asked Questions

How have EG shares performed this year?

Everest Group's stock was trading at $353.58 on January 1st, 2024. Since then, EG stock has increased by 0.9% and is now trading at $356.64.
View the best growth stocks for 2024 here.

How were Everest Group's earnings last quarter?

Everest Group, Ltd. (NYSE:EG) posted its earnings results on Wednesday, July, 31st. The company reported $16.85 earnings per share for the quarter, missing the consensus estimate of $16.97 by $0.12. The company's revenue for the quarter was up 15.8% on a year-over-year basis.

Who are Everest Group's major shareholders?

Top institutional shareholders of Everest Group include Wellington Management Group LLP (5.13%), State Street Corp (4.46%), Franklin Resources Inc. (2.97%) and Geode Capital Management LLC (2.69%). Insiders that own company stock include William F Galtney Jr, Mark Kociancic, Roger M Singer, James Allan Williamson and Mike Karmilowicz.
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.

What other stocks do shareholders of Everest Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Everest Group investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 9/27 Dividend: 9/16/2024
• Dividend Payable: 9/27/2024
• Ex-Dividend for 12/13 Dividend: 11/27/2024
• Dividend Payable: 12/13/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: Insurance
• Current Symbol: NYSE:EG
• CUSIP: N/A
• CIK: 1095073
• Web: www.everestre.com
• Phone: (441) 295-0006
• Fax: 441-295-4828
• Employees: 2,844
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $430.00
• High Stock Price Target: $517.00
• Low Stock Price Target: $372.00
• Potential Upside/Downside: +20.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $63.90
• Trailing P/E Ratio: 5.58
• Forward P/E Ratio: 6.15
• P/E Growth: 2.69
• Net Income: $2.52 billion
• Net Margins: 16.99%
• Pretax Margin: 15.41%
• Return on Equity: 22.45%
• Return on Assets: 6.06%

Debt

• Debt-to-Equity Ratio: 0.22
• Current Ratio: 0.40
• Quick Ratio: 0.40

Sales & Book Value

• Annual Sales: $16.10 billion
• Price / Sales: 0.95
• Cash Flow: $61.49 per share
• Price / Cash Flow: 5.80
• Book Value: $304.26 per share
• Price / Book: 1.17

Miscellaneous

• Outstanding Shares: 42,979,000
• Free Float: 42,463,000
• Market Cap: $15.33 billion
• Optionable: Optionable
• Beta: 0.64