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NYSE:EG

Everest Group (EG) Stock Price, News & Analysis

$356.64 +7.28 (+2.08%)
(As of 12/20/2024 05:16 PM ET)

About Everest Group Stock (NYSE:EG)

Key Stats

Today's Range
$346.09
$359.69
50-Day Range
$347.75
$398.66
52-Week Range
$343.76
$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

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
94th Percentile Overall Score

EG 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.

  • 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.

  • Read more about Everest Group's stock forecast and price target.
  • 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 112.76.

  • 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.

  • 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 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.

  • Read more about Everest Group's dividend.
  • 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 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.
  • 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

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EG Stock Analysis - Frequently Asked Questions

Everest Group's stock was trading at $353.58 at the beginning of the year. Since then, EG shares have increased by 0.9% and is now trading at $356.64.
View the best growth stocks for 2024 here
.

Everest Group, Ltd. (NYSE:EG) posted its quarterly earnings data on Wednesday, July, 31st. The company reported $16.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $16.97 by $0.12. The company's revenue was up 15.8% compared to the same quarter last year.

Everest Group's top institutional shareholders 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
.

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
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

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
$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

Net Income
$2.52 billion
Pretax Margin
15.41%

Debt

Sales & Book Value

Annual Sales
$16.10 billion
Cash Flow
$61.49 per share
Book Value
$304.26 per share

Miscellaneous

Free Float
42,463,000
Market Cap
$15.33 billion
Optionable
Optionable
Beta
0.64
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This page (NYSE:EG) was last updated on 12/22/2024 by MarketBeat.com Staff
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