Westpac Banking Corp Acquires Shares of 1,439 Everest Group, Ltd. $EG

Westpac Banking Corp acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,439 shares of the company’s stock, valued at approximately $514,000.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Everest Group in the second quarter valued at about $1,150,555,000. Norges Bank purchased a new position in Everest Group during the fourth quarter worth about $630,277,000. AQR Capital Management LLC boosted its holdings in Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after purchasing an additional 830,418 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Everest Group by 12,322.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock worth $176,205,000 after purchasing an additional 515,063 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in Everest Group in the 2nd quarter worth about $171,426,000. Institutional investors own 92.64% of the company’s stock.

Key Everest Group News

Here are the key news stories impacting Everest Group this week:

• Positive Sentiment: Upward earnings revisions: Zacks Research raised its FY2026 EPS forecast to $53.10 from $52.49, FY2027 to $59.23 from $58.45, and FY2028 to $66.63 from $65.28. It also increased estimates for Q4 2026, Q1 and Q2 2027, Q3 2027, and Q1 and Q2 2028. The revisions suggest improving expectations for Everest Group’s underwriting and investment results.
• Positive Sentiment: Forecast remains above consensus: Zacks’ $53.10 FY2026 estimate is modestly higher than the current analyst consensus of $52.83, providing a favorable earnings-expectations catalyst.
• Neutral Sentiment: TD Cowen maintained its Hold rating: The unchanged stance indicates the analyst sees limited immediate reason to change the investment case, even as earnings forecasts improve. TD Cowen Sticks to Their Hold Rating for Everest Group
• Negative Sentiment: One near-term forecast was cut: Zacks reduced its Q3 2026 EPS estimate to $8.88 from $9.03, signaling some expected earnings pressure in the upcoming quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EG shares. Cantor Fitzgerald increased their price objective on shares of Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Barclays boosted their target price on Everest Group from $420.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Morgan Stanley upped their target price on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Atlantic Securities set a $484.00 price target on Everest Group in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods lifted their price target on Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Everest Group currently has an average rating of “Hold” and a consensus target price of $395.27.

Everest Group Stock Performance

NYSE EG opened at $370.18 on Friday. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $401.07. The company has a 50-day simple moving average of $366.34 and a 200 day simple moving average of $346.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market capitalization of $14.19 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 0.73 and a beta of 0.29.

Everest Group (NYSE:EG) last released its earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, beating analysts’ consensus estimates of $14.52 by $0.33. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the company earned $16.10 earnings per share. The company’s quarterly revenue was down 11.8% on a year-over-year basis. On average, research analysts predict that Everest Group, Ltd. will post 52.91 EPS for the current year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group’s payout ratio is 16.92%.

Everest Group Company Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.