Everest Group, Ltd. (NYSE:EG) Shareholders to Get $2.00 Quarterly Dividend

Everest Group, Ltd. (NYSE:EG – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, December 4th will be paid a dividend of $2.00 per share on Friday, December 18th. This represents a $8.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, December 4th.

Everest Group has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 1 years. Everest Group has a dividend payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Everest Group to earn $59.45 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 13.5%.

Everest Group Price Performance

EG stock opened at $420.93 on Thursday. The stock has a market capitalization of $15.59 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.57 and a beta of 0.23. The company’s 50-day moving average is $381.07 and its 200-day moving average is $354.58. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.35. Everest Group has a 1 year low of $304.55 and a 1 year high of $421.52.

Everest Group (NYSE:EG – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $7.62 EPS for the quarter, missing the consensus estimate of $9.38 by ($1.76). Everest Group had a net margin of 11.70% and a return on equity of 13.71%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the business earned $7.54 earnings per share. The business’s quarterly revenue was down 14.0% on a year-over-year basis. Equities research analysts expect that Everest Group will post 52.80 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on Everest Group from $407.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank Of Canada boosted their price objective on Everest Group from $455.00 to $475.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Citigroup upped their target price on Everest Group from $415.00 to $445.00 and gave the stock a “neutral” rating in a research report on Monday. Wells Fargo & Company increased their target price on Everest Group from $396.00 to $428.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, UBS Group increased their target price on Everest Group from $395.00 to $423.00 and gave the stock a “neutral” rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $426.27.

Check Out Our Latest Analysis on Everest Group

Everest Group Company Profile

(Get Free Report)

Everest Group, Ltd. is a global insurance and reinsurance company that provides property and casualty coverage to businesses, institutions, and other insurers. Its operations focus on assuming and managing risks through reinsurance, as well as offering insurance products in selected specialty and commercial markets.

The company’s reinsurance business supports insurers across lines such as property, casualty, specialty, and other risks. Through its insurance platform, Everest provides coverage for commercial customers and specialty exposures, including property, casualty, professional liability, and other products that may vary by market.

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Dividend History for Everest Group (NYSE:EG)

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