Everest Group Ltd. (EG) has been witnessing a series of noteworthy occurrences. Transactions have transpired in the form of shares purchased by MBA Advisors LLC and Perpetual Ltd, while others have been sold by groups such as Diversified Trust Co and Oppenheimer & Co, Inc. EG's board has seen expansion with the appointment of finance veteran Allan Levine and other notable individuals like John Howard and Darryl Page. Jim Williamson has stepped in as the acting CEO following Andrade's departure and has subsequently been made the permanent CEO. Financially, EG is trading at a discount to the industry and has missed Q1 earnings due to higher catastrophe losses. The firm has also projected a $1.4B net income for 2024. Everest has reportedly outpaced the underlying earnings growth, pointing towards substantial 5-year total shareholder returns. Recently there was a leadership transition and new executive compensation changes. Results for Q3 2023 and Q2 2024 have demonstrated growth in premiums and investment income respectively.
Everest Group Ltd EG News Analytics from Thu, 18 May 2023 07:00:00 GMT to Sat, 05 Jul 2025 08:27:56 GMT -
Rating 5
- Innovation 5
- Information 7
- Rumor -3
