Everest Group, Ltd.’s Stock Price Plummets to $351.51, Marking a 4.34% Dip: A Crucial Market Update

Everest Group, Ltd. (EG)

351.51 USD -15.96 (-4.34%) Volume: 0.83M

Everest Group, Ltd.’s stock price currently stands at 351.51 USD, experiencing a downswing of -4.34% this trading session with a trading volume of 0.83M. The stock has seen a year-to-date percentage change of -3.02%, reflecting the market’s response to EG’s performance.

Latest developments on Everest Group, Ltd.

Today, Everest Group, Ltd. saw its stock price underperform compared to competitors following the announcement of a $1.7 billion reserve hit and a projected $1.4 billion net income for 2024. Analysts are closely watching the company’s performance, with 11 experts providing their outlook on Everest Group. Despite some downward adjustments in price targets by Wells Fargo to $354 from $380, BMO maintains an Outperform rating with a $373 target. Janney Montgomery Scott LLC also holds $8.23 million in stock holdings of Everest Group. KBC Group NV recently sold over 110,000 shares of Everest Group, adding to the market activity surrounding the company’s earnings season expectations.

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