FY2025 EPS Estimates for Everest Group Boosted by Analyst

Key Points

• Analysts at Cantor Fitzgerald have boosted their FY2025 earnings per share estimate for Everest Group to $47.64, up from $41.51, maintaining a "Hold" rating on the stock.
• The consensus estimate for Everest Group's current full-year earnings stands at $47.93 per share, indicating strong performance expectations.
• Everest Group recently announced a quarterly dividend of $2.00 per share, which reflects an annualized payout of $8.00 and a dividend yield of 2.3%.

Everest Group, Ltd. (NYSE:EG - Free Report) - Stock analysts at Cantor Fitzgerald raised their FY2025 earnings per share estimates for Everest Group in a report released on Thursday, October 9th. Cantor Fitzgerald analyst R. Tunis now forecasts that the company will post earnings per share of $47.64 for the year, up from their previous forecast of $41.51. Cantor Fitzgerald has a "Hold" rating on the stock. The consensus estimate for Everest Group's current full-year earnings is $47.93 per share.

Several other research firms also recently weighed in on EG. Keefe, Bruyette & Woods raised their price objective on Everest Group from $405.00 to $416.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Janney Montgomery Scott initiated coverage on Everest Group in a report on Friday, June 20th. They set a "buy" rating and a $425.00 price objective on the stock. Raymond James Financial set a $375.00 price target on Everest Group and gave the company an "outperform" rating in a research note on Monday, September 22nd. Cowen reissued a "hold" rating on shares of Everest Group in a research note on Tuesday, October 7th. Finally, UBS Group cut their price target on Everest Group from $372.00 to $370.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 9th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $382.79.

Everest Group Stock Performance

Shares of Everest Group stock opened at $346.99 on Monday. Everest Group has a fifty-two week low of $320.00 and a fifty-two week high of $401.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a market capitalization of $14.55 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.24 and a beta of 0.48. The company's 50 day moving average price is $341.74 and its two-hundred day moving average price is $342.34.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $17.36 earnings per share for the quarter, beating analysts' consensus estimates of $15.14 by $2.22. Everest Group had a net margin of 4.56% and a return on equity of 5.89%. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the company posted $16.85 EPS. The firm's quarterly revenue was up 6.2% compared to the same quarter last year.

Hedge Funds Weigh In On Everest Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC lifted its position in shares of Everest Group by 7.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 10,994 shares of the company's stock worth $3,850,000 after purchasing an additional 760 shares during the period. Board of the Pension Protection Fund lifted its holdings in Everest Group by 1,200.0% in the third quarter. Board of the Pension Protection Fund now owns 1,300 shares of the company's stock valued at $455,000 after buying an additional 1,200 shares during the period. Riversedge Advisors LLC acquired a new position in Everest Group in the third quarter valued at $237,000. Legacy Private Trust Co. acquired a new position in Everest Group in the third quarter valued at $368,000. Finally, Czech National Bank lifted its holdings in Everest Group by 2.5% in the third quarter. Czech National Bank now owns 10,653 shares of the company's stock valued at $3,731,000 after buying an additional 256 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Wednesday, September 3rd were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. Everest Group's payout ratio is currently 42.46%.

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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