Everest Group (NYSE:EG) Announces Earnings Results, Misses Estimates By $30.03 EPS

Everest Group (NYSE:EG) issued its quarterly earnings results on Monday. The company reported ($18.39) earnings per share for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03), Zacks reports. Everest Group had a return on equity of 22.45% and a net margin of 16.99%.

Everest Group Stock Down 0.5 %

Shares of Everest Group stock traded down $1.66 during trading on Monday, hitting $345.85. 589,135 shares of the stock traded hands, compared to its average volume of 421,177. The stock has a market cap of $14.86 billion, a P/E ratio of 5.41, a PEG ratio of 2.50 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group has a twelve month low of $341.00 and a twelve month high of $407.30. The company has a fifty day moving average price of $365.34 and a two-hundred day moving average price of $375.07.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.00 per share. The ex-dividend date was Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.31%. Everest Group’s dividend payout ratio is 12.52%.

Insider Activity

In related news, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,009 shares in the company, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EG has been the topic of a number of analyst reports. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and lifted their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. UBS Group raised Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lowered their target price on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Barclays lowered their target price on Everest Group from $499.00 to $461.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $422.56.

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.