Q2 EPS Estimates for Everest Group Boosted by Zacks Research

Everest Group, Ltd. (NYSE:EG) – Investment analysts at Zacks Research boosted their Q2 2026 EPS estimates for shares of Everest Group in a research report issued to clients and investors on Monday, November 17th. Zacks Research analyst Team now anticipates that the company will post earnings of $16.42 per share for the quarter, up from their prior forecast of $16.34. The consensus estimate for Everest Group’s current full-year earnings is $47.93 per share.

EG has been the topic of several other reports. Wall Street Zen downgraded Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Keefe, Bruyette & Woods lowered their price target on Everest Group from $424.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Cantor Fitzgerald upgraded shares of Everest Group to a “hold” rating in a report on Wednesday, August 13th. Barclays decreased their price objective on shares of Everest Group from $425.00 to $365.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $368.77.

Everest Group Stock Performance

Shares of EG stock opened at $320.40 on Tuesday. The business’s fifty day simple moving average is $338.72 and its 200-day simple moving average is $338.88. The company has a market cap of $13.45 billion, a PE ratio of 24.40, a PEG ratio of 0.25 and a beta of 0.47. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24. Everest Group has a 12-month low of $302.44 and a 12-month high of $392.78.

Everest Group (NYSE:EG) last posted its earnings results on Monday, October 27th. The company reported $7.54 EPS for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Everest Group had a net margin of 3.12% and a return on equity of 3.81%. The company’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $11.80 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Everest Group during the 2nd quarter worth about $601,300,000. AQR Capital Management LLC boosted its stake in shares of Everest Group by 70.3% in the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after buying an additional 830,418 shares during the last quarter. Nuveen LLC acquired a new stake in Everest Group during the first quarter worth about $137,418,000. Vulcan Value Partners LLC grew its holdings in Everest Group by 35.8% during the first quarter. Vulcan Value Partners LLC now owns 1,328,732 shares of the company’s stock worth $482,832,000 after acquiring an additional 350,019 shares during the period. Finally, Altrinsic Global Advisors LLC raised its position in Everest Group by 37.2% during the second quarter. Altrinsic Global Advisors LLC now owns 937,296 shares of the company’s stock valued at $318,540,000 after acquiring an additional 254,317 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Everest Group

In other Everest Group news, Director Allan Levine acquired 3,100 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were acquired at an average cost of $306.08 per share, with a total value of $948,848.00. Following the acquisition, the director directly owned 4,153 shares of the company’s stock, valued at approximately $1,271,150.24. The trade was a 294.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William F. Galtney, Jr. acquired 11,385 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was acquired at an average price of $307.38 per share, for a total transaction of $3,499,521.30. Following the purchase, the director directly owned 45,491 shares of the company’s stock, valued at approximately $13,983,023.58. This trade represents a 33.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Wednesday, November 26th will be given a $2.00 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $8.00 dividend on an annualized basis and a yield of 2.5%. Everest Group’s dividend payout ratio is currently 60.93%.

About Everest Group

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.