Analysts Set Expectations for Everest Group FY2025 Earnings

Everest Group, Ltd. (NYSE:EG) – Equities researchers at Cantor Fitzgerald lifted their FY2025 earnings per share (EPS) estimates for shares of Everest Group in a report issued on Thursday, October 9th. Cantor Fitzgerald analyst R. Tunis now expects that the company will earn $47.64 per share 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.

Everest Group (NYSE:EG) last announced its earnings results on Wednesday, July 30th. The company reported $17.36 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.22 billion. During the same period in the prior year, the company posted $16.85 EPS. Everest Group’s quarterly revenue was up 6.2% on a year-over-year basis.

A number of other brokerages also recently weighed in on EG. Wells Fargo & Company boosted their price target on Everest Group from $371.00 to $383.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. UBS Group lowered their price target on Everest Group from $372.00 to $370.00 and set a “neutral” rating for the company in a report on Wednesday, July 9th. Barclays boosted their price target on Everest Group from $405.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Citigroup initiated coverage on Everest Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $362.00 price target for the company. Finally, Keefe, Bruyette & Woods boosted their price target on Everest Group from $405.00 to $416.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Everest Group currently has an average rating of “Hold” and a consensus price target of $382.79.

Everest Group Stock Performance

Shares of EG opened at $356.61 on Monday. The business’s 50 day moving average is $342.80 and its two-hundred day moving average is $342.37. Everest Group has a 52-week low of $320.00 and a 52-week high of $401.82. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 0.25 and a beta of 0.48. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Wednesday, September 3rd were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, September 3rd. Everest Group’s dividend payout ratio is presently 42.46%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EG. SVB Wealth LLC acquired a new position in Everest Group during the 1st quarter worth $30,000. Tsfg LLC acquired a new position in Everest Group during the 1st quarter worth $33,000. Zions Bancorporation National Association UT acquired a new position in Everest Group during the 1st quarter worth $34,000. Board of the Pension Protection Fund acquired a new position in Everest Group during the 2nd quarter worth $34,000. Finally, WPG Advisers LLC acquired a new position in Everest Group during the 1st quarter worth $37,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

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.