Everest Group, Ltd. Declares Quarterly Dividend of $2.00 (NYSE:EG)

Key Points

• Everest Group, Ltd. has declared a quarterly dividend of $2.00 per share, set to be paid on September 19th to investors of record as of September 3rd, resulting in an annualized dividend yield of 2.4%.
• For the previous quarter, Everest Group reported earnings per share of $17.36, exceeding analysts' expectations of $15.14, along with a revenue of $4.49 billion, which was higher than the projected $4.22 billion.
• The company's stock saw a decline of 0.3%, closing at $335.84, with a market capitalization of $14.09 billion and a P/E ratio of 17.84.

Everest Group, Ltd. (NYSE:EG - Get Free Report) announced a quarterly dividend on Thursday, August 14th, RTT News reports. Investors of record on Wednesday, September 3rd will be given a dividend of 2.00 per share on Friday, September 19th. This represents a c) annualized dividend and a yield of 2.4%.

Everest Group has a dividend payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Everest Group to earn $62.48 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 12.8%.

Everest Group Stock Down 0.3%

Shares of NYSE EG traded down $0.92 during midday trading on Thursday, hitting $335.84. The stock had a trading volume of 17,632 shares, compared to its average volume of 404,454. The business's 50 day moving average is $335.48 and its 200-day moving average is $344.10. The company has a market cap of $14.09 billion, a P/E ratio of 17.84, a PEG ratio of 0.24 and a beta of 0.50. Everest Group has a 52 week low of $320.00 and a 52 week high of $407.30. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24.

Everest Group (NYSE:EG - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $17.36 EPS for the quarter, beating analysts' consensus estimates of $15.14 by $2.22. The business had revenue of $4.49 billion during the quarter, compared to analysts' expectations of $4.22 billion. Everest Group had a net margin of 4.56% and a return on equity of 5.89%. The firm's revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $16.85 earnings per share. As a group, analysts predict that Everest Group will post 47.93 EPS for the current year.

Everest Group Company Profile

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.

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