Everest Group (EG) Set to Announce Earnings on Monday

Everest Group (NYSE:EG) is set to post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Everest Group to post earnings of $16.89 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Everest Group (NYSE:EG) last issued its earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share for the quarter, topping the consensus estimate of $14.63 by $10.55. Everest Group had a return on equity of 25.05% and a net margin of 17.26%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period last year, the company earned $12.21 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts expect Everest Group to post $61 EPS for the current fiscal year and $68 EPS for the next fiscal year.

Everest Group Price Performance

Shares of NYSE EG opened at $364.70 on Friday. Everest Group has a 1-year low of $331.08 and a 1-year high of $417.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.37. The business’s fifty day moving average price is $375.92 and its two-hundred day moving average price is $379.71. The firm has a market capitalization of $19.42 billion, a PE ratio of 6.11, a P/E/G ratio of 3.23 and a beta of 0.56.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Monday, March 18th. Everest Group’s dividend payout ratio is presently 11.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup lowered Everest Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $452.00 to $375.00 in a research report on Monday, February 12th. Keefe, Bruyette & Woods increased their price target on Everest Group from $445.00 to $457.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Morgan Stanley decreased their price target on Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Wells Fargo & Company decreased their price target on Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research note on Thursday, April 11th. Finally, TD Cowen initiated coverage on Everest Group in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $421.00 price target for the company. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $432.11.

Insider Activity at Everest Group

In related news, CFO Mark Kociancic bought 1,000 shares of Everest Group stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $349.00 per share, with a total value of $349,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 25,733 shares in the company, valued at approximately $8,980,817. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Mark Kociancic bought 1,000 shares of Everest Group stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $349.00 per share, with a total value of $349,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 25,733 shares in the company, valued at approximately $8,980,817. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mike Karmilowicz acquired 285 shares of Everest Group stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $352.39 per share, with a total value of $100,431.15. Following the completion of the purchase, the chief executive officer now owns 10,586 shares in the company, valued at approximately $3,730,400.54. The disclosure for this purchase can be found here. Insiders bought 2,485 shares of company stock valued at $874,786 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

About Everest Group

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.