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KBW Sticks to Its Buy Rating for Everest Group (EG)

Tipranks - Tipranks - Wed Apr 8, 5:54AM CDT

In a report released today, Meyer Shields from KBW maintained a Buy rating on Everest Group, with a price target of $402.00.

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According to TipRanks, Shields is a 5-star analyst with an average return of 10.6% and a 64.43% success rate. Shields covers the Financial sector, focusing on stocks such as Progressive, Allstate, and W. R. Berkley Corporation.

In addition to KBW, Everest Group also received a Buy from TipRanks – Google’s Google Insurance – Reinsurance in a report issued on March 24. However, yesterday, Morgan Stanley maintained a Hold rating on Everest Group (NYSE: EG).

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Based on Everest Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.42 billion and a net profit of $446 million. In comparison, last year the company earned a revenue of $4.61 billion and had a GAAP net loss of $593 million

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