Should you buy, hold or sell Everest shares?

In this article for Money Magazine, Talaria Co-CIO Chad Padowitz takes a look at global reinsurer Everest Group, exploring whether its current share price offers an attractive entry point for investors. With shares trading at just 0.9x price to book, Chad argues that a sustainably higher return on equity, supported by today’s interest rate environment, could drive compelling medium-term returns.

“In the absence of a multiple re-rating, we expect these two components to drive mid-teen returns for shareholders per annum over the medium term,” Chad writes, referring to the combined effect of dividend yield and book value growth. He also outlines the unique return profile of reinsurance businesses, how Everest manages risk through short renewal cycles, and what that means for investor outcomes.

Read the full article in Money Magazine