Everest Group, Ltd. (NYSE:EG – Free Report) – Research analysts at DOWLING & PARTN issued their FY2028 earnings per share (EPS) estimates for Everest Group in a note issued to investors on Tuesday, September 29th. DOWLING & PARTN analyst N. Iacoviello anticipates 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 $53.20 per share.
Other analysts also recently issued research reports about the stock. Barclays raised their price target on shares of Everest Group from $420.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Citigroup increased their price objective on shares of Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Cantor Fitzgerald raised their target price on shares of Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Royal Bank Of Canada assumed coverage on shares of Everest Group in a research report on Tuesday, September 22nd. They issued an “outperform” rating and a $455.00 target price for the company. Finally, Atlantic Securities set a $484.00 target price on shares of Everest Group in a research note on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Everest Group has a consensus rating of “Hold” and an average price target of $409.50.
Everest Group Price Performance
Shares of NYSE:EG opened at $368.29 on Thursday. Everest Group has a fifty-two week low of $302.44 and a fifty-two week high of $401.07. The business has a 50-day simple moving average of $374.00 and a two-hundred day simple moving average of $355.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 0.72 and a beta of 0.26.
Everest Group (NYSE:EG – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share (EPS) for the quarter. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The firm had revenue of $3.96 billion for the quarter.
Hedge Funds Weigh In On Everest Group
A number of institutional investors and hedge funds have recently made changes to their positions in EG. CX Institutional grew its position in shares of Everest Group by 5.7% during the 3rd quarter. CX Institutional now owns 596 shares of the company’s stock valued at $218,000 after acquiring an additional 32 shares during the period. Versant Capital Management Inc raised its holdings in Everest Group by 7.7% in the 3rd quarter. Versant Capital Management Inc now owns 683 shares of the company’s stock worth $249,000 after purchasing an additional 49 shares during the period. QRG Capital Management Inc. purchased a new position in Everest Group during the second quarter valued at $227,000. Sequoia Financial Advisors LLC lifted its position in 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 purchasing an additional 1,709 shares in the last quarter. Finally, National Pension Service grew its holdings in 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 purchasing an additional 4,090 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.
Everest Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th were paid 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%.
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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