Everest Group (EG) Projected to Post Quarterly Earnings on Monday

Everest Group (NYSE:EG) will likely be announcing its earnings results after the market closes on Monday, February 3rd. Analysts expect the company to announce earnings of $11.64 per share and revenue of $4.04 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Everest Group Stock Down 1.3 %

EG opened at $347.38 on Friday. Everest Group has a 12 month low of $343.76 and a 12 month high of $407.30. The stock has a market cap of $14.93 billion, a P/E ratio of 5.44, a P/E/G ratio of 2.39 and a beta of 0.65. The stock’s 50 day moving average price is $365.34 and its 200 day moving average price is $375.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Wednesday, November 27th. Everest Group’s payout ratio is 12.52%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EG shares. Barclays decreased their target price on Everest Group from $499.00 to $461.00 and set an “overweight” rating on the stock in a report on Tuesday. TD Cowen decreased their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th. UBS Group raised Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Bank of America decreased their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $453.00 to $375.00 in a research report on Thursday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $422.56.

Insider Transactions at Everest Group

In related news, 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 transaction of $74,000.00. Following the transaction, the chief operating officer now directly owns 15,009 shares in the company, valued at $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mike Karmilowicz sold 269 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total value of $93,741.12. Following the transaction, the executive vice president now owns 12,726 shares in the company, valued at $4,434,756.48. This represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

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.