The investment environment of
Everest Group, Ltd. (NYSE: EG) has been active, with numerous purchases of EG shares by significant investors such as Quantinno Capital Management, Zimmer Partners, and Two Sigma Advisers. Financial institutions, including Nomura Holdings and Lighthouse Investment Partners, were disclosed to invest in EG, further promoting confidence in the company. EG continues to trade at lesser multiples compared to its industry cohort, potentially making it an attractive buy.
However, Zacks Research has downgraded its earnings estimate for the Everest Group, suggesting some skepticism on the immediate earnings outlook. The company has announced a dividend of $2.00, which could likely attrack yield-seeking investors.
The addition of Darryl Page to EG's Board of Directors implies internal adjustments aimed at strengthening corporate governance and strategic decision-making. EG is due to hold its first quarter 2025 earnings conference call on May 1, 2025, with earnings expected to decline as catastrophe losses potentially weigh on figures. A target price adjustment by Morgan Stanley and predictions of persistent weak performance suggest a challenging environment.
Everest Group Ltd EG News Analytics from Thu, 07 Nov 2024 08:00:00 GMT to Sat, 24 May 2025 18:58:31 GMT -
Rating +4
- Innovation +2
- Information +6
- Rumor -4
