Monthly Stock Report: Everest Group, Ltd. (EG)
Publication Date: September 22, 2024
Company Overview
Everest Group, Ltd. (EG), headquartered in Hamilton, Bermuda, is a prominent player in the reinsurance and insurance sectors of the financial services industry. Established in 1973, the company operates through two major segments: Insurance and Reinsurance. Everest Group offers a diverse range of products, including property and casualty insurance, accident and health insurance, and specialized reinsurance lines, catering to customers across the United States, Europe, and international markets. With a reputation for delivering comprehensive solutions, Everest enhances service delivery via direct channels and broker-mediated relationships, positioning itself as a reliable choice for clients worldwide.
Financial Performance and Stock Analysis
As of its latest reporting, Everest Group has demonstrated robust financial performance, achieving approximately $15.94 billion in total revenue. Current analysis indicates a compelling “buy” recommendation for investors, reflecting optimism about Everest’s growth trajectory. The stock is currently priced at $387.50, with a target high price of $527.00, presenting a notable upside potential. The mean target price stands at $434.50, while the median target price is slightly lower at $422.50, showing positive sentiment across analysts. The recommendation mean score of 2.1, based on twelve analyst opinions, further validates the confidence in Everest Group’s future performance.
Despite the total number of outstanding shares of 43,273,500, with 1,144,611 shares shorted (approximately 4.14% of float shares), investor sentiment appears cautiously optimistic. The company’s stock performance over the past year shows a high of $417.92 and a low of $343.76, indicating market volatility. However, the current stock price is above its fifty-day moving average of $381.48, suggesting a positive trend, possibly positioning Everest Group for continued growth.
Market Position and Investor Insights
Everest Group operates within a promising sector that showcases substantial growth potential. With a strong recommendation to “buy,” investors looking to engage with a well-established company within the insurance and reinsurance market may find Everest Group an attractive opportunity. The company’s solid revenue base and diversified product offerings bolster its market position, while the current short interest appears limited, reflecting a balanced approach among investors. Given the favorable market conditions and the company’s strategic focus, Everest Group stands poised for future success, making it a noteworthy consideration for both short-term traders and long-term investors.
| Metric | Value |
|---|---|
| Market Cap | $16.8b |
| Total Debt | $3.4b |
| Total Cash | $4.0b |
| Shares Outstanding | 43.3m |
| Float Shares | 32.9m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.