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NYSE:EG

Everest Group (EG) Stock Price, News & Analysis

Everest Group logo
$376.87 +6.43 (+1.74%)
(As of 11/20/2024 ET)

About Everest Group Stock (NYSE:EG)

Key Stats

Today's Range
$370.11
$377.49
50-Day Range
$347.75
$407.04
52-Week Range
$343.76
$417.92
Volume
369,580 shs
Average Volume
400,566 shs
Market Capitalization
$16.20 billion
P/E Ratio
5.90
Dividend Yield
2.12%
Price Target
$434.10
Consensus Rating
Moderate Buy

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.

Everest Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
92nd Percentile Overall Score

EG MarketRank™: 

Everest Group scored higher than 92% of companies evaluated by MarketBeat, and ranked 111th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Everest Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 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.

  • Read more about Everest Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Everest Group are expected to grow by 14.37% in the coming year, from $58.47 to $66.87 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Everest Group is 5.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Everest Group is 5.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.86.

  • Price to Earnings Growth Ratio

    Everest Group has a PEG Ratio of 2.72. 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 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Everest Group's valuation and earnings.
  • Percentage of Shares Shorted

    2.20% 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 1.9, 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 26.45%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Everest Group pays a meaningful dividend of 2.16%, 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 11.96% next year. This indicates that Everest Group will be able to sustain or increase its dividend.

  • Read more about Everest Group's dividend.
  • Percentage of Shares Shorted

    2.20% 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 1.9, 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 26.45%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Everest Group has a news sentiment score of 0.86. 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 0.76 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 20 news articles for Everest Group this week, compared to 7 articles on an average week.
  • Search Interest

    Only 2 people have searched for EG on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Everest Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -91% compared to the previous 30 days.
  • 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.

  • Read more about Everest Group's insider trading history.
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EG Stock News Headlines

JD Vance Predicts: Wall Street vs. Trump & Your Money
Trump's back in the White House, but Wall Street is pissed. Here's the deal: Wall Street's about to purposely crash the bond market to sabotage Trump's comeback.
TD Cowen Cuts Everest Group (NYSE:EG) Price Target to $419.00
Everest Group price target lowered to $372 from $383 at BMO Capital
See More Headlines

EG Stock Analysis - Frequently Asked Questions

Everest Group's stock was trading at $353.58 at the start of the year. Since then, EG stock has increased by 6.6% and is now trading at $376.87.
View the best growth stocks for 2024 here
.

Everest Group, Ltd. (NYSE:EG) released its quarterly earnings data on Wednesday, July, 31st. The company reported $16.85 EPS for the quarter, missing analysts' consensus estimates of $16.97 by $0.12. The business's quarterly revenue was up 15.8% on a year-over-year basis.

Top institutional shareholders of Everest Group include Wellington Management Group LLP (5.13%), State Street Corp (4.46%), Geode Capital Management LLC (2.69%) and Champlain Investment Partners LLC (2.15%). 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
.

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.

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
Today
11/21/2024
Ex-Dividend for 12/13 Dividend
11/27/2024
Dividend Payable
12/13/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/05/2025

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$434.10
High Stock Price Target
$517.00
Low Stock Price Target
$372.00
Potential Upside/Downside
+15.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$2.52 billion
Pretax Margin
15.41%

Debt

Sales & Book Value

Annual Sales
$14.59 billion
Cash Flow
$63.45 per share
Book Value
$304.26 per share

Miscellaneous

Free Float
42,463,000
Market Cap
$16.20 billion
Optionable
Optionable
Beta
0.63
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This page (NYSE:EG) was last updated on 11/21/2024 by MarketBeat.com Staff
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