DOWLING & PARTN Comments on Everest Group FY2028 Earnings

Everest Group, Ltd. (NYSE:EG) – Stock analysts at DOWLING & PARTN issued their FY2028 earnings estimates for Everest Group in a research report issued on Tuesday, September 29th. DOWLING & PARTN analyst N. Iacoviello forecasts 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 $53.66 per share.

Everest Group (NYSE:EG) last released its earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share (EPS) for the quarter. The company had revenue of $3.96 billion during the quarter. Everest Group had a net margin of 11.41% and a return on equity of 13.63%.

EG has been the subject of several other reports. UBS Group increased their price objective on Everest Group from $374.00 to $395.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Rosenblatt Securities set a $455.00 target price on Everest Group in a research report on Tuesday, September 22nd. Royal Bank Of Canada began coverage on Everest Group in a research note on Tuesday, September 22nd. They set an “outperform” rating and a $455.00 price target for the company. Keefe, Bruyette & Woods lifted their price target on Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, Wells Fargo & Company boosted their price target on Everest Group from $373.00 to $396.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $409.50.

Everest Group Trading Down 1.0%

Everest Group stock opened at $365.14 on Thursday. The company’s fifty day simple moving average is $374.48 and its 200-day simple moving average is $355.00. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. Everest Group has a 12 month low of $302.44 and a 12 month high of $401.07. The stock has a market cap of $14.00 billion, a P/E ratio of 7.72, a P/E/G ratio of 0.72 and a beta of 0.28.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, September 9th. Everest Group’s dividend payout ratio is presently 16.92%.

Hedge Funds Weigh In On Everest Group

Institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. bought a new position in shares of Everest Group in the 2nd quarter valued at approximately $227,000. Sequoia Financial Advisors LLC boosted 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 worth $1,564,000 after purchasing an additional 1,709 shares during the period. 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 last quarter. Engineers Gate Manager LP acquired a new position in Everest Group during the second quarter valued at approximately $859,000. Finally, Integrated Wealth Concepts LLC grew its holdings in Everest Group by 4.1% during the second quarter. Integrated Wealth Concepts LLC now owns 12,901 shares of the company’s stock valued at $4,609,000 after purchasing an additional 506 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

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.