Zacks Research Estimates Everest Group FY2027 Earnings

Everest Group, Ltd. (NYSE:EG - Free Report) - Zacks Research issued their FY2027 earnings estimates for shares of Everest Group in a research report issued to clients and investors on Monday, February 17th. Zacks Research analyst T. De forecasts that the company will post earnings per share of $73.92 for the year. The consensus estimate for Everest Group's current full-year earnings is $50.51 per share.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%.

Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Wells Fargo & Company cut their price target on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Morgan Stanley reiterated an "equal weight" rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, TD Cowen lowered their price target on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $416.50.

Everest Group Price Performance

EG stock traded down $0.81 during mid-day trading on Wednesday, hitting $337.40. The company had a trading volume of 407,770 shares, compared to its average volume of 431,229. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 0.23 and a beta of 0.65. Everest Group has a 12-month low of $327.37 and a 12-month high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $353.83 and a 200 day moving average price of $370.70.

Institutional Trading of Everest Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its holdings in Everest Group by 152.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company's stock valued at $8,225,000 after purchasing an additional 13,687 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Everest Group by 19.5% during the third quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company's stock worth $30,747,000 after acquiring an additional 12,791 shares during the last quarter. Brophy Wealth Management LLC acquired a new position in Everest Group during the third quarter worth about $749,000. Intech Investment Management LLC boosted its position in Everest Group by 13.1% during the third quarter. Intech Investment Management LLC now owns 27,324 shares of the company's stock worth $10,706,000 after acquiring an additional 3,166 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Everest Group by 5.5% during the third quarter. Principal Financial Group Inc. now owns 53,892 shares of the company's stock worth $21,117,000 after acquiring an additional 2,818 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.