Everest Group
About: Everest Group Ltd is engaged in providing insurance services in the U.S., Bermuda, and international markets. It operates in Reinsurance and Insurance business. The Reinsurance operation writes property and casualty reinsurance and specialty lines of business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies. The Insurance operation writes property and casualty insurance directly and through brokers, surplus lines brokers, and general agents within the U.S., Bermuda, Canada, Europe, and South America.
Employees: 2,428
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
20% more repeat investments, than reductions
Existing positions increased: 250 | Existing positions reduced: 209
0.76% less ownership
Funds ownership: 93.51% [Q1] → 92.75% (-0.76%) [Q2]
5% less capital invested
Capital invested by funds: $16.1B [Q1] → $15.3B (-$760M) [Q2]
2% less funds holding
Funds holding: 625 [Q1] → 614 (-11) [Q2]
15% less first-time investments, than exits
New positions opened: 64 | Existing positions closed: 75
27% less funds holding in top 10
Funds holding in top 10: 11 [Q1] → 8 (-3) [Q2]
31% less call options, than puts
Call options by funds: $32.8M | Put options by funds: $47.8M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
B of A Securities Joshua Shanker 67% 1-year accuracy 31 / 46 met price target | 27%upside $485 | Buy Maintained | 10 Oct 2024 |
Wells Fargo Elyse Greenspan 73% 1-year accuracy 53 / 73 met price target | 6%upside $406 | Equal-Weight Maintained | 10 Oct 2024 |
Jefferies Yaron Kinar 80% 1-year accuracy 12 / 15 met price target | 20%upside $457 | Buy Maintained | 9 Oct 2024 |
Barclays Alex Scott 65% 1-year accuracy 20 / 31 met price target | 38%upside $527 | Overweight Initiated | 4 Sept 2024 |
BMO Capital Michael Zaremski 90% 1-year accuracy 18 / 20 met price target | 6%upside $403 | Market Perform Maintained | 30 Aug 2024 |
Financial journalist opinion
Based on 9 articles about EG published over the past 30 days
