Janney initiates coverage on Everest Group with Buy rating, citing strong performance and attractive valuation.

From Financial Modeling Prep: 2025-06-20 16:34:00

Janney initiated coverage on Everest Group (NYSE:EG) with a Buy rating and a fair value estimate of $425, citing the reinsurer’s strong track record and attractive valuation post-reserve adjustments. Everest, a global leader in reinsurance, has a history of consistent performance with a median 12% ROE and 11% annual shareholder value growth over 25 years. The recent CEO transition and $1.7 billion reserve charge are seen as positive moves for Everest’s future growth and balance sheet health. Janney expects a return to double-digit ROE by 2025 and views the current valuation as compelling, with shares trading at just 0.9x book value per share. The firm also highlighted Everest’s capital return strategy, including share repurchases and an authorized buyback program, indicating the stock is undervalued relative to its potential.



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