Everest Group, Ltd. (NYSE:EG) shares have been acquired by multiple companies including Equitable Trust Co and HB Wealth Management LLC, signaling potential positive market trends, even though Everest’s stock still underperforms in the market. Its notable Compound Annual Growth Rate (CAGR) of 21% has outpaced its earnings growth in the last three years. BMO Capital Markets, among other analysts, maintain a 'Market Perform' rating for Everest Group. Despite Q2 earnings missing due to higher catastrophe losses, Everest expects its earnings to grow.
Everest Group is undertaking key changes – the appointment of Bill Hazelton to helm its North America Insurance Business, and the adjustment of Jim Williamson's role to lead the Global Underwriting Businesses. There is a favourable outlook with Everest Group's dividend declaration and its strategic expansion and strong reinsurance tailwinds. In addition, Everest Group has announced to change its company name and NYSE sticker as part of its global growth and diversification strategy.
Everest Group Ltd EG News Analytics from Tue, 31 Mar 2015 07:00:00 GMT to Sun, 01 Sep 2024 21:18:51 GMT - Rating 6 - Innovation 4 - Information 7 - Rumor 2
