For insurers, it’s all about getting appropriately paid for risk. And for investors, reinsurer Everest Group looks like a risk worth taking.
This ‘Reinsurance’ Stock Is Growing Too Fast to Be This Cheap. It’s Time to Buy.
Everest Group, at around $378, trades for just six times estimated 2024 earnings of $62 a share It has one of the lowest price/earnings ratios in the S&P 500 index.By Andrew Bary
Updated Aug 26, 2024, 9:01 am EDT / Original Aug 23, 2024, 10:28 am EDT
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