Why Everest Group (EG) is a Top Value Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Everest Group (EG)
Based in Warren, NJ and established in 1999, Everest Group, a Delaware reinsurance company and a direct subsidiary of Holdings, is a property and casualty insurer and reinsurer in all states, the District of Columbia, Puerto Rico and Guam. Everest Group underwrites property and casualty reinsurance for insurance and reinsurance companies in the U.S. and international markets. As of Dec 31, 2022, the company had statutory surplus of $5.6 billion.
EG is a Zacks Rank #3 (Hold) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 6X for the current fiscal year compared to the Insurance - Multi line industry's P/E of 8.5X. Additionally, EG has a PEG Ratio of 0.2 and a Price/Cash Flow ratio of 13.1X. Value investors should also note EG's Price/Sales ratio of 1.2X.
Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.11 to $55.48 per share. EG has an average earnings surprise of 24.5%.
Investors should take the time to consider EG for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Everest Group, Ltd. (EG) : Free Stock Analysis Report
