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EG
Stock ticker: NYSE
AS OF
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Capitalization
17.99B

EG Everest Group Ltd Forecast, Technical & Fundamental Analysis

a provider of property and casualty reinsurance services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for EG with price predictions
07:00 PM EST Nov 28, 2023

EG saw its Stochastic Oscillator peaks and leaves the overbought zone

The Stochastic Oscillator for EG moved out of overbought territory on November 29, 2023. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 60 similar instances where the indicator exited the overbought zone. In of the 60 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for EG moved out of overbought territory on November 28, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

EG broke above its upper Bollinger Band on November 21, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for EG entered a downward trend on November 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 16, 2023. You may want to consider a long position or call options on EG as a result. In of 102 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for EG just turned positive on November 16, 2023. Looking at past instances where EG's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

EG moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for EG crossed bullishly above the 50-day moving average on November 20, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EG advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 68, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. EG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.570) is normal, around the industry mean (2.011). P/E Ratio (7.508) is within average values for comparable stocks, (32.479). EG's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.015). Dividend Yield (0.017) settles around the average of (0.043) among similar stocks. P/S Ratio (1.166) is also within normal values, averaging (1.256).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I.Advisor
published Highlights

Industry description

Property and casualty companies insure against accidents of non-physical harm, such as lawsuits, damage to personal assets, car crashes and more. Progressive Corporation, Travelers Companies, Inc. and Allstate Corporation are some of the biggest providers of such products.

Market Cap

The average market capitalization across the Property/Casualty Insurance Industry is 13.19B. The market cap for tickers in the group ranges from 93.9K to 96.18B. PGR holds the highest valuation in this group at 96.18B. The lowest valued company is UNAM at 93.9K.

High and low price notable news

The average weekly price growth across all stocks in the Property/Casualty Insurance Industry was 1%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 9%. HRTG experienced the highest price growth at 17%, while KINS experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Property/Casualty Insurance Industry was 41%. For the same stocks of the Industry, the average monthly volume growth was 1% and the average quarterly volume growth was 10%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 59
Price Growth Rating: 48
SMR Rating: 90
Profit Risk Rating: 67
Seasonality Score: -2 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

EG is expected to report earnings to fall 9.47% to $14.15 per share on February 05

Everest Group Ltd EG Stock Earnings Reports
Q4'23
Est.
$14.15
Q3'23
Beat
by $4.38
Q2'23
Beat
by $3.41
The last earnings report on October 25 showed earnings per share of $15.63, beating the estimate of $11.25. With 103.70K shares outstanding, the current market capitalization sits at 17.99B.
A.I.Advisor
published Dividends

EG is expected to pay dividends on December 15, 2023

Everest Group Ltd EG Stock Dividends
A dividend of $1.75 per share will be paid with a record date of December 15, 2023, and an ex-dividend date of November 28, 2023. The last dividend of $1.75 was paid on September 29. Read more...
A.I. Advisor
published General Information

General Information

a provider of property and casualty reinsurance services

Industry PropertyCasualtyInsurance

Profile
Fundamentals
Details
Industry
Property Or Casualty Insurance
Address
141 Front Street
Phone
+1 441 295-0006
Employees
2428
Web
https://www.everestglobal.com
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EG and

Correlation & Price change

A.I.dvisor indicates that over the last year, EG has been closely correlated with RNR. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if EG jumps, then RNR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EG
1D Price
Change %
EG100%
-0.96%
RNR - EG
79%
Closely correlated
-0.80%
AXS - EG
74%
Closely correlated
-0.41%
WRB - EG
59%
Loosely correlated
-0.82%
CNA - EG
58%
Loosely correlated
-0.12%
MKL - EG
57%
Loosely correlated
-0.13%
More

Groups containing EG

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EG
1D Price
Change %
EG100%
-0.96%
EG
(undefined stocks)
97%
Closely correlated
+1.76%
reinsurance
(undefined stocks)
86%
Closely correlated
+0.28%
casualty insurance
(undefined stocks)
70%
Closely correlated
+0.77%
Property/Casualty Insurance
(undefined stocks)
69%
Closely correlated
+0.32%
insurance
(undefined stocks)
67%
Closely correlated
+0.05%
More