Everest Group: Underwriting Results Continue To Disappoint

JHVEPhoto Shares of the Everest Group (NYSE:EG) are up moderately over the past year, though they have largely been rangebound between $360 and$400, even as the company has benefitted from a quiet catastrophe environment. I last covered Everest Group in May, rating shares a hold, as I needed to see more evidence of underwriting progress. Since that article, the stock is up 4%, lagging the market's 7% gain. In a benign hurricane season, I saw upside to $400, which we are now approaching as we enter the hear ...