Wells Fargo & Company Issues Positive Forecast for Everest Group (NYSE:EG) Stock Price

Everest Group (NYSE:EG) had its price target increased by Wells Fargo & Company from $373.00 to $396.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also weighed in on EG. Mizuho dropped their target price on Everest Group from $418.00 to $416.00 and set a “neutral” rating on the stock in a research report on Friday. Morgan Stanley boosted their price target on shares of Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Weiss Ratings upgraded shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Cantor Fitzgerald increased their price objective on shares of Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Finally, Atlantic Securities set a $484.00 price objective on shares of Everest Group in a research report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $391.27.

Everest Group Stock Down 0.1%

Shares of Everest Group stock opened at $374.88 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $355.74 and its 200-day simple moving average is $342.10. The stock has a market capitalization of $14.83 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 0.58 and a beta of 0.29. Everest Group has a twelve month low of $302.44 and a twelve month high of $401.07.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.52 by $0.33. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the business posted $16.10 EPS. The business’s revenue was down 11.8% on a year-over-year basis. Equities research analysts forecast that Everest Group will post 52.86 earnings per share for the current year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $2.00 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $8.00 annualized dividend and a yield of 2.1%. Everest Group’s dividend payout ratio is presently 16.92%.

Insider Transactions at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $351.84, for a total transaction of $272,676.00. Following the transaction, the chief executive officer owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. This trade represents a 8.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of Everest Group

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Everest Group in the fourth quarter valued at approximately $630,277,000. AQR Capital Management LLC raised 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Everest Group by 12,322.1% during the fourth 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. Hsbc Holdings PLC lifted its position in Everest Group by 507.4% in the first quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock worth $147,102,000 after purchasing an additional 375,846 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in Everest Group by 181.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 498,697 shares of the company’s stock worth $169,233,000 after purchasing an additional 321,376 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Everest Group

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

• Positive Sentiment: Q2 earnings beat estimates: Everest reported adjusted earnings of $14.85 per share, above consensus estimates of roughly $14.52-$14.59. Results benefited from solid underwriting and lower expenses. Everest Group Q2 Earnings Beat Estimates on Lower Expenses
• Positive Sentiment: Underwriting performance supports growth: Recent coverage highlights Everest’s ability to convert cyclical industry headwinds into double-digit growth, which could help offset pressure in premiums and investments. Everest Group Converts Cyclical Headwinds Into Double-Digit Growth
• Positive Sentiment: Wells Fargo raised its price target from $373 to $396, implying potential upside from recent levels, although the firm maintained an “equal weight” rating.
• Neutral Sentiment: Valuation remains relatively low: Everest trades at approximately 7.9 times earnings, while analysts expect about $52.86 in full-year earnings per share. This may offer valuation support, but does not eliminate concerns about earnings volatility.
• Negative Sentiment: Revenue and earnings weakened year over year: Quarterly revenue was $3.96 billion, below the $3.99 billion consensus estimate and down 11.8% from the prior-year period. Earnings also declined from the previous year’s result.
• Negative Sentiment: Shares recently decreased: The stock fell sharply in the prior session and underperformed some industry peers, suggesting investors focused on the revenue shortfall, weaker investment income and softer premium trends despite the earnings beat. Everest Group Stock Underperforms Competitors

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.