Everest Group stock rallies and outperforms competitors

11 articles · Updated · MarketWatch · Apr 30

The shares rose 3.71% to $356.76 on Thursday, with trading volume of 524,348 topping the 50-day average of 337,018.
The gain came as broader markets advanced, with the S&P 500 up 1.02% and the Dow Jones Industrial Average up 1.62%.
Everest closed 3.13% below its 52-week high of $368.29, while Marsh and Arthur J. Gallagher fell and Progressive posted a smaller rise.

With profits soaring but revenues falling, is Everest Group's new strategy a brilliant pivot or a high-stakes gamble?

Was Everest Group's record profit due to superior AI-driven underwriting or just a lucky break from major catastrophes?