Is Everest Group Stock Underperforming the Dow?
With a market cap of $14.2 billion, Everest Group, Ltd. (EG) is a global provider of reinsurance and insurance solutions through its Insurance and Reinsurance segments. The company offers a broad range of property and casualty products, including treaty and facultative reinsurance, as well as specialty lines such as catastrophe, marine, aviation, and mortgage reinsurance.
Companies worth more than $10 billion are generally labeled as 'large-cap' stocks and Everest Group fits this criterion perfectly. The company operates across the United States, Europe, and internationally, serving clients through brokers and direct channels.
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Shares of the Hamilton, Bermuda-based company have declined 18.3% from its 52-week high of $407.30. Over the past three months, its shares have decreased 7.4%, underperforming the broader Dow Jones Industrials Average's ($DOWI) 1.4% rise during the same period.
Longer term, EG stock is down 8.2% on a YTD basis, a steeper drop than DOWI's marginal decline. Moreover, shares of Everest Group have dipped 11.8% over the past 52 weeks, compared to DOWI's 8.6% increase over the same time frame.
Despite a few fluctuations, the stock has been trading below its 50-day and 200-day moving averages since late October last year.
Shares of Everest Group tumbled nearly 6% following its Q1 2025 results on Apr. 30 due to a steep 71% drop in net income to $210 million ($4.90 per share). The company posted a significant pre-tax catastrophe loss of $472 million, primarily due to California wildfires, which contributed to a deteriorated combined ratio of 102.7%. Both adjusted EPS of $6.45 and revenue of $4.3 billion missed Wall Street expectations.
EG stock has performed weaker than its rival, SiriusPoint Ltd. (SPNT). SPNT stock has returned 17.9% YTD and 53.6% over the past 52 weeks.
Despite the stock's underperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of 'Moderate Buy' from 13 analysts in coverage, and as of writing, EG is trading below the mean price target of $391.75.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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