Brokers Offer Predictions for Everest Group FY2025 Earnings

Everest Group, Ltd. (NYSE:EG) – Analysts at Cantor Fitzgerald boosted their FY2025 earnings per share (EPS) estimates for Everest Group in a note issued to investors on Thursday, October 9th. Cantor Fitzgerald analyst R. Tunis now expects that the company will post earnings per share of $47.64 for the year, up from their prior forecast of $41.51. Cantor Fitzgerald currently has a “Hold” rating on the stock. The consensus estimate for Everest Group’s current full-year earnings is $47.93 per share.

A number of other research analysts also recently commented on EG. Evercore ISI increased their target price on Everest Group from $380.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. UBS Group lowered their price objective on shares of Everest Group from $372.00 to $370.00 and set a “neutral” rating for the company in a research report on Wednesday, July 9th. Cowen restated a “hold” rating on shares of Everest Group in a report on Tuesday, October 7th. Wolfe Research upgraded shares of Everest Group to a “strong sell” rating in a research report on Tuesday, September 16th. Finally, Janney Montgomery Scott began coverage on Everest Group in a research report on Friday, June 20th. They issued a “buy” rating and a $425.00 price target for the company. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $382.79.

Everest Group Stock Performance

NYSE:EG opened at $350.77 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. Everest Group has a 1 year low of $320.00 and a 1 year high of $401.82. The stock’s 50 day simple moving average is $342.23 and its two-hundred day simple moving average is $342.27. The company has a market cap of $14.71 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 0.24 and a beta of 0.48.

Everest Group (NYSE:EG) last posted its earnings results on Wednesday, July 30th. The company reported $17.36 EPS for the quarter, topping analysts’ consensus estimates of $15.14 by $2.22. Everest Group had a return on equity of 5.89% and a net margin of 4.56%.The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the business earned $16.85 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Wednesday, September 3rd were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, September 3rd. Everest Group’s payout ratio is 42.46%.

Institutional Investors Weigh In On Everest Group

A number of institutional investors and hedge funds have recently modified their holdings of EG. SVB Wealth LLC bought a new position in Everest Group in the 1st quarter valued at $30,000. Tsfg LLC purchased a new stake in shares of Everest Group during the first quarter valued at $33,000. Zions Bancorporation National Association UT bought a new position in shares of Everest Group in the first quarter worth about $34,000. Board of the Pension Protection Fund bought a new position in shares of Everest Group in the second quarter worth about $34,000. Finally, WPG Advisers LLC purchased a new position in Everest Group in the 1st quarter worth about $37,000. 92.64% of the stock is owned by institutional investors.

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.