Wells Fargo analyst Elyse Greenspan maintains $Everest Group (EG.US)$ with a hold rating, and adjusts the target price from $393 to $406.
According to TipRanks data, the analyst has a success rate of 64.5% and a total average return of 8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Everest Group (EG.US)$'s main analysts recently are as follows:
The expectation for Q3 catastrophe losses is that they will be 'manageable' for property and casualty insurers despite the active quarter for global catastrophe events. Models for Q4 include provisional losses for Hurricane Milton, though there is recognition of the remaining uncertainty due to the storm's recent landfall. Changes in the group reflect events from the quarter and adjustments in various P/E multiples.
Q3 outcomes, notably for the reinsurance sector, might be impacted by the recent Hurricane Milton. An optimistic stance is maintained on the Personal sector due to an improvement in margins and the number of policies-in-force. For the third quarter, catastrophe losses are anticipated to be lower than the five-year seasonal average, yet significantly higher than those in the third quarter of the prior year, posing potential challenges for primary insurers.
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