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NYSE:EG

Everest Group (EG) Stock Price, News & Analysis

$382.93
+9.18 (+2.46%)
(As of 07/26/2024 ET)
Today's Range
$373.12
$385.33
50-Day Range
$362.85
$400.00
52-Week Range
$343.36
$417.92
Volume
315,577 shs
Average Volume
327,433 shs
Market Capitalization
$16.64 billion
P/E Ratio
5.69
Dividend Yield
2.09%
Price Target
$437.40

Everest Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
14.2% Upside
$437.40 Price Target
Short Interest
Healthy
2.46% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.82mentions of Everest Group in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.65%
From $61.25 to $69.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.40 out of 5 stars

Finance Sector

391st out of 898 stocks

Fire, Marine, & Casualty Insurance Industry

31st out of 54 stocks

EG stock logo

About Everest Group Stock (NYSE:EG)

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.

EG Stock Price History

EG Stock News Headlines

J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
Brokerages Set Everest Group, Ltd. (NYSE:EG) PT at $437.40
Everest Announces Key Claims Leadership Appointments
J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
EG Jan 2025 520.000 call
See More Headlines
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Company Calendar

Last Earnings
4/29/2024
Ex-Dividend for 6/14 Dividend
5/29/2024
Dividend Payable
6/14/2024
Today
7/26/2024
Next Earnings (Confirmed)
7/31/2024
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
$437.40
High Stock Price Target
$493.00
Low Stock Price Target
$375.00
Potential Upside/Downside
+14.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$2.52 billion
Pretax Margin
16.70%

Debt

Sales & Book Value

Annual Sales
$14.59 billion
Cash Flow
$62.78 per share
Book Value
$304.26 per share

Miscellaneous

Free Float
42,937,000
Market Cap
$16.64 billion
Optionable
Optionable
Beta
0.63
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Should I Buy Everest Group Stock? EG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Everest Group, Ltd.:

  • Everest Group, Ltd. provides reinsurance and insurance products in the United States, Europe, and internationally, offering diversification in different markets.
  • The company operates through two segments, Insurance and Reinsurance, providing a balanced portfolio for investors.
  • Recent developments show that Everest Group, Ltd. has been expanding its specialty lines, potentially increasing revenue streams.
  • Investors may find the current stock price of Everest Group, Ltd. to be undervalued based on recent market trends.
  • With a focus on property and casualty reinsurance, Everest Group, Ltd. is well-positioned to benefit from potential market shifts.

Cons

Investors should be bearish about investing in Everest Group, Ltd. for these reasons:

  • While the company operates in multiple markets, it also exposes investors to various risks associated with global economic conditions.
  • Everest Group, Ltd. faces competition in the reinsurance and insurance industry, which could impact its market share and profitability.
  • Despite recent expansions, the company's growth prospects may be limited in a competitive market environment.
  • Investors should consider the potential impact of regulatory changes on Everest Group, Ltd.'s operations and financial performance.
  • Fluctuations in the reinsurance and insurance market could affect Everest Group, Ltd.'s revenue and profitability in the short term.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, July 6, 2024. Please send any questions or comments about these Everest Group pros and cons to contact@marketbeat.com.

EG Stock Analysis - Frequently Asked Questions

How have EG shares performed this year?

Everest Group's stock was trading at $353.58 at the beginning of the year. Since then, EG stock has increased by 8.3% and is now trading at $382.93.
View the best growth stocks for 2024 here
.

How were Everest Group's earnings last quarter?

Everest Group, Ltd. (NYSE:EG) posted its quarterly earnings results on Monday, April, 29th. The company reported $16.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $15.98 by $0.34. Everest Group's revenue for the quarter was up 25.8% compared to the same quarter last year.

Who are Everest Group's major shareholders?

Everest Group's top institutional investors include Bank of New York Mellon Corp (0.67%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), Zweig DiMenna Associates LLC (0.18%) and Allspring Global Investments Holdings LLC (0.16%). Insiders that own company stock include Mark Kociancic, Roger M Singer, James Allan Williamson and Mike Karmilowicz.
View institutional ownership trends
.

How do I buy shares of Everest Group?

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.

This page (NYSE:EG) was last updated on 7/26/2024 by MarketBeat.com Staff

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