How Is Everest Group's Stock Performance Compared to Other Insurance Stocks?

Core Viewpoint - Everest Group, Ltd. has experienced significant stock price declines and disappointing financial performance, raising concerns about its operational efficiency and market position [3][4][5][6]. Company Overview - Everest Group, Ltd. is based in Hamilton, Bermuda, and provides reinsurance and insurance products globally, with a market capitalization of $13.2 billion [1][2]. Stock Performance - EG stock prices have decreased by 13.1% from its 52-week high of $373.23 on January 27, and have dropped 6.9% over the past three months, underperforming the iShares U.S. Insurance ETF's 1.4% increase during the same period [3][4]. - Year-to-date, EG stock has declined by 10.5%, and over the past year, it has underperformed compared to the IAK's 7.5% gains [4]. Financial Results - In Q3, Everest reported a modest year-over-year topline increase of 79 basis points to $4.3 billion, which was 2.9% below market expectations [5]. - The company's combined ratio rose to 103.4%, indicating inefficiencies in policy sales, and net operating income per share fell by 48.4% year-over-year to $7.54, missing consensus estimates by 43.7% [6]. Analyst Ratings - Among 18 analysts covering EG stock, the consensus rating is a "Moderate Buy," with a mean price target of $366.87, suggesting a potential upside of 13.1% from current levels [7].