Everest Group FY2024 EPS Estimate Reduced by Zacks Research

Everest Group, Ltd. (NYSE:EG) – Research analysts at Zacks Research decreased their FY2024 earnings per share estimates for shares of Everest Group in a research note issued on Wednesday, November 20th. Zacks Research analyst T. De now forecasts that the company will earn $59.58 per share for the year, down from their previous estimate of $61.59. The consensus estimate for Everest Group’s current full-year earnings is $57.95 per share. Zacks Research also issued estimates for Everest Group’s Q4 2024 earnings at $11.79 EPS, Q3 2025 earnings at $12.20 EPS, FY2025 earnings at $67.04 EPS, Q2 2026 earnings at $21.33 EPS and Q3 2026 earnings at $16.66 EPS.

A number of other analysts have also recently issued reports on EG. Barclays cut their target price on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. TD Cowen decreased their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Bank of America dropped their price target on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Jefferies Financial Group upped their price objective on Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets dropped their target price on Everest Group from $383.00 to $372.00 and set a “market perform” rating for the company in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Everest Group presently has a consensus rating of “Moderate Buy” and an average target price of $434.10.

Everest Group Trading Up 0.3 %

Everest Group stock opened at $390.31 on Monday. The stock has a 50-day simple moving average of $380.77 and a 200 day simple moving average of $380.80. The stock has a market capitalization of $16.78 billion, a P/E ratio of 6.10, a PEG ratio of 2.88 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group has a 52 week low of $343.76 and a 52 week high of $417.04.

Institutional Trading of Everest Group

A number of institutional investors and hedge funds have recently bought and sold shares of EG. Mizuho Securities USA LLC raised its holdings in Everest Group by 12,263.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after purchasing an additional 412,040 shares during the last quarter. World Investment Advisors LLC bought a new position in Everest Group during the third quarter worth $120,564,000. Boston Partners lifted its holdings in Everest Group by 29.1% in the first quarter. Boston Partners now owns 1,197,457 shares of the company’s stock valued at $475,750,000 after buying an additional 269,665 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Everest Group by 442.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock valued at $120,744,000 after acquiring an additional 251,337 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Everest Group by 30.2% during the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock worth $221,057,000 after acquiring an additional 134,517 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Everest Group

In other news, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the sale, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This trade represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the sale, the chief operating officer now owns 15,009 shares in the company, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, November 27th. Everest Group’s payout ratio is presently 12.52%.

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.