Everest Group (EG) Set to Announce Earnings on Monday

Everest Group (NYSE:EG) is scheduled 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 interested in listening to the company’s earnings conference call can do so using this link.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.63 by $10.55. Everest Group had a net margin of 17.26% and a return on equity of 25.05%. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same period last year, the firm posted $12.21 EPS. Everest Group’s revenue for the quarter was up 12.4% compared to the same quarter last year. 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 Stock Performance

EG opened at $364.70 on Friday. Everest Group has a 12-month low of $331.08 and a 12-month high of $417.92. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. 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. The firm has a 50 day moving average of $375.92 and a two-hundred day moving average of $379.71.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis 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%.

Insider Activity

In related news, CFO Mark Kociancic bought 1,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were bought at an average price of $349.00 per share, with a total value of $349,000.00. Following the completion of the transaction, the chief financial officer now directly owns 25,733 shares of the company’s stock, valued at approximately $8,980,817. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Mark Kociancic bought 1,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were bought at an average price of $349.00 per share, with a total value of $349,000.00. Following the completion of the transaction, the chief financial officer now directly owns 25,733 shares of the company’s stock, valued at approximately $8,980,817. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mike Karmilowicz bought 285 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $352.39 per share, for a total transaction of $100,431.15. Following the transaction, the chief executive officer now directly owns 10,586 shares of the company’s stock, valued at $3,730,400.54. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 2,485 shares of company stock valued at $874,786. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.