Caterpillar bids for Australia’s RPMGlobal- AFR
In a recent transaction, Geraldine Losquadro, a director at Everest Group, Ltd. (NYSE:EG), sold 1,500 common shares in the open market on March 18, 2025. The shares were sold at a price of $360.63 each, totaling approximately $540,945. Following this sale, Losquadro retains ownership of 12,279 shares in the company. Everest Group, a notable entity in the fire, marine, and casualty insurance industry with a market capitalization of $15.3 billion, has maintained dividend payments for 31 consecutive years and currently offers a 2.2% yield. InvestingPro analysis indicates the stock is currently fairly valued, with a GOOD overall financial health score. The company’s shares have delivered strong returns over the past five years, despite recent market volatility.For deeper insights into Everest Group’s valuation and growth prospects, including 8 additional ProTips and comprehensive financial analysis, visit InvestingPro.
In other recent news, Everest Group reported significant financial developments that have garnered attention from analysts and investors alike. The company disclosed a $1.7 billion reserve charge, influencing Morgan Stanley (NYSE:MS) to downgrade Everest Group’s stock from Overweight to Equalweight, with a lowered price target of $340. This adjustment reflects concerns over the company’s growth prospects and the time required to address issues in its primary casualty segment. Meanwhile, TD Cowen maintained its Hold rating on Everest Group, with a price target of $405, noting that the fourth-quarter earnings per share fell short of expectations due to the reserve charge. Despite this, gross written premiums slightly exceeded projections, though net investment income was lower than anticipated.
Keefe, Bruyette & Woods maintained their Outperform rating on Everest Group, projecting earnings per share of $49.05 for 2025 and $62.40 for 2026, based on modest net reserve releases. In a strategic move, Everest Group appointed John Howard to its Board of Directors, bringing extensive industry experience and leadership to the company. Additionally, the company announced compensation changes for top executives, including stock awards and increased incentive bonuses, as part of its strategy to align executive interests with shareholder goals. These developments highlight the company’s ongoing efforts to navigate financial challenges and strengthen its leadership team.
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