Evercore ISI Reiterates In Line Rating on Everest Group (EG)

Evercore ISI analyst David Motemaden reiterated an In Line rating and $362.00 price target on Everest Group (NYSE: EG).

The analyst comments "Bottom Line: We believe Mr. Habayeb is a well-respected and experienced insurance CFO and we wonder if he will implement changes such as more frequent reserve reviews (we think EG’s annual cadence is not frequent enough but also are unclear how possible that is on long tail reinsurance business) and incremental disclosure to help investors get comfort in reserves. The CFO change could also result in questions about whether this creates an opportunity to take further action on the casualty Re reserves."

For an analyst ratings summary and ratings history on Everest Group click here. For more ratings news on Everest Group click here.

Shares of Everest Group closed at $304.99 yesterday.

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