Zacks Research Lowers Earnings Estimates for Everest Group

Everest Group, Ltd. (NYSE:EG - Free Report) - Equities research analysts at Zacks Research lowered their Q1 2025 EPS estimates for shares of Everest Group in a report issued on Wednesday, November 20th. Zacks Research analyst T. De now expects that the company will post earnings per share of $18.56 for the quarter, down from their prior forecast of $18.79. The consensus estimate for Everest Group's current full-year earnings is $58.47 per share. Zacks Research also issued estimates for Everest Group's Q2 2025 earnings at $19.28 EPS, Q4 2025 earnings at $16.99 EPS, Q1 2026 earnings at $20.50 EPS and FY2026 earnings at $78.30 EPS.

Several other analysts have also recently commented on the stock. UBS Group raised shares of Everest Group to a "hold" rating in a research note on Wednesday, October 9th. Bank of America lowered their target price on shares of Everest Group from $496.00 to $485.00 and set a "buy" rating for the company in a research note on Thursday, October 10th. TD Cowen lowered their target price on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research note on Monday. BMO Capital Markets lowered their target price on shares of Everest Group from $383.00 to $372.00 and set a "market perform" rating for the company in a research note on Thursday, November 14th. Finally, Barclays decreased their price target on shares of Everest Group from $527.00 to $517.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $434.10.

Everest Group Price Performance

Shares of EG traded up $3.85 during mid-day trading on Friday, reaching $389.00. 496,889 shares of the company's stock were exchanged, compared to its average volume of 349,853. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of $380.64 and a two-hundred day simple moving average of $380.71. Everest Group has a 52-week low of $343.76 and a 52-week high of $417.92. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 2.72 and a beta of 0.63.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.06%. Everest Group's payout ratio is 12.52%.

Insider Activity at Everest Group

In related news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction of $74,000.00. Following the transaction, the chief operating officer now owns 15,009 shares in the company, valued at approximately $5,553,330. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mike Karmilowicz sold 269 shares of the business's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $348.48, for a total transaction of $93,741.12. Following the completion of the transaction, the executive vice president now owns 12,726 shares in the company, valued at $4,434,756.48. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Everest Group

A number of institutional investors have recently added to or reduced their stakes in EG. Bessemer Group Inc. increased its position in shares of Everest Group by 31.4% in the 1st quarter. Bessemer Group Inc. now owns 921 shares of the company's stock worth $366,000 after purchasing an additional 220 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of Everest Group by 3.5% in the 1st quarter. 1832 Asset Management L.P. now owns 5,771 shares of the company's stock worth $2,294,000 after purchasing an additional 193 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Everest Group by 50.3% in the 1st quarter. Lazard Asset Management LLC now owns 67,710 shares of the company's stock worth $26,914,000 after purchasing an additional 22,662 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Everest Group by 14.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 78,277 shares of the company's stock worth $31,116,000 after purchasing an additional 9,714 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Everest Group by 38.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 118,092 shares of the company's stock worth $46,942,000 after purchasing an additional 33,077 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

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.