DOWLING & PARTN Comments on Everest Group FY2028 Earnings

Key Points

• DOWLING & PARTN forecasts Everest Group will earn $65.00 per share in FY2028, above the broader consensus estimate of $53.66.
• Everest Group recently reported quarterly EPS of $14.85 on $3.96 billion in revenue, with a 13.63% return on equity and an 11.41% net margin.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and $409.50 target price; the company pays a quarterly dividend of $2.00, yielding about 2.2% annually.

Everest Group, Ltd. (NYSE:EG - Free Report) - DOWLING & PARTN issued their FY2028 earnings per share estimates for shares of Everest Group in a research report issued to clients and investors on Tuesday, September 29th. DOWLING & PARTN analyst N. Iacoviello forecasts that the company will post earnings of $65.00 per share for the year. The consensus estimate for Everest Group's current full-year earnings is $53.66 per share.

Everest Group (NYSE:EG - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share for the quarter. The business had revenue of $3.96 billion during the quarter. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.

Other equities analysts have also issued research reports about the stock. Cantor Fitzgerald raised their price objective on shares of Everest Group from $344.00 to $390.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Rosenblatt Securities set a $455.00 target price on shares of Everest Group in a report on Tuesday, September 22nd. Wells Fargo & Company increased their target price on shares of Everest Group from $373.00 to $396.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. Royal Bank Of Canada began coverage on shares of Everest Group in a report on Tuesday, September 22nd. They set an "outperform" rating and a $455.00 target price for the company. Finally, Citigroup upped their price target on Everest Group from $395.00 to $415.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, Everest Group presently has an average rating of "Hold" and a consensus target price of $409.50.

Everest Group Price Performance

Shares of Everest Group stock opened at $365.14 on Thursday. Everest Group has a 52 week low of $302.44 and a 52 week high of $401.07. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The stock has a market cap of $14.00 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 0.72 and a beta of 0.28. The company's 50-day moving average price is $374.48 and its two-hundred day moving average price is $355.00.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Wednesday, September 9th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, September 9th. Everest Group's dividend payout ratio is 16.92%.

Hedge Funds Weigh In On Everest Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. acquired a new stake in Everest Group during the 2nd quarter valued at $227,000. Sequoia Financial Advisors LLC grew its holdings in shares of Everest Group by 64.0% during the second quarter. Sequoia Financial Advisors LLC now owns 4,380 shares of the company's stock valued at $1,564,000 after buying an additional 1,709 shares in the last quarter. National Pension Service grew its holdings in shares of Everest Group by 83.2% during the second quarter. National Pension Service now owns 9,007 shares of the company's stock valued at $3,218,000 after buying an additional 4,090 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Everest Group during the second quarter valued at $859,000. Finally, Integrated Wealth Concepts LLC raised its position in Everest Group by 4.1% during the second quarter. Integrated Wealth Concepts LLC now owns 12,901 shares of the company's stock valued at $4,609,000 after buying an additional 506 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Company Profile

Everest Group, Ltd. is a global specialty insurance and reinsurance company headquartered in Hamilton, Bermuda. The company provides risk-management and underwriting solutions to businesses, institutions, and insurance companies through its insurance and reinsurance operations.

Everest's products and services include property and casualty insurance, specialty insurance, and reinsurance coverage. Its offerings address a range of risks, including property, casualty, workers' compensation, professional liability, marine, aviation, accident and health, and other specialty exposures.

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