Everest Group, Ltd. (EG) To Go Ex-Dividend on December 4th

Everest Group, Ltd. (NYSE:EG) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, December 4th will be paid a dividend of $2.00 per share on Friday, December 18th. This represents a $8.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, December 4th.

Everest Group has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 1 years. Everest Group has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Everest Group to earn $59.45 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 13.5%.

Everest Group Price Performance

EG opened at $417.09 on Friday. Everest Group has a 12-month low of $304.55 and a 12-month high of $431.19. The company has a market cap of $15.45 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 0.59 and a beta of 0.23. The stock has a fifty day simple moving average of $381.81 and a two-hundred day simple moving average of $355.07. The company has a current ratio of 0.36, a quick ratio of 0.35 and a debt-to-equity ratio of 0.25.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $7.62 EPS for the quarter, missing the consensus estimate of $9.38 by ($1.76). Everest Group had a return on equity of 13.71% and a net margin of 11.70%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the firm earned $7.54 EPS. The company’s revenue was down 14.0% on a year-over-year basis. Research analysts predict that Everest Group will post 52.80 earnings per share for the current fiscal year.

About Everest Group

Everest Group, Ltd. is a global insurance and reinsurance company that provides property and casualty coverage to businesses, institutions, and other insurers. Its operations focus on assuming and managing risks through reinsurance, as well as offering insurance products in selected specialty and commercial markets.

The company’s reinsurance business supports insurers across lines such as property, casualty, specialty, and other risks. Through its insurance platform, Everest provides coverage for commercial customers and specialty exposures, including property, casualty, professional liability, and other products that may vary by market.