Donald Smith & CO. Inc. bought a new stake in shares of Everest Group, Ltd. (NYSE:EG – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 428,873 shares of the company’s stock, valued at approximately $153,206,000. Everest Group accounts for about 2.7% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 17th biggest position.
A number of other hedge funds have also recently made changes to their positions in EG. BlackRock Inc. purchased a new position in Everest Group in the 2nd quarter worth about $1,150,555,000. AQR Capital Management LLC boosted its position in Everest Group by 70.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after buying an additional 830,418 shares during the period. State Street Corp boosted its position in Everest Group by 0.4% in the 4th quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after buying an additional 7,806 shares during the period. Norges Bank bought a new position in Everest Group in the 4th quarter worth about $630,277,000. Finally, Vulcan Value Partners LLC grew its stake in Everest Group by 6.5% in the 4th quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock worth $512,288,000 after acquiring an additional 92,274 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.
Everest Group News Roundup
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.
Everest Group Trading Up 0.5%
Everest Group (NYSE:EG – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, topping analysts’ consensus estimates of $14.52 by $0.33. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the business posted $16.10 EPS. The firm’s quarterly revenue was down 11.8% on a year-over-year basis. As a group, equities research analysts predict that Everest Group, Ltd. will post 52.91 earnings per share for the current fiscal year.
Everest Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th will be issued a $2.00 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a yield of 2.2%. Everest Group’s payout ratio is currently 16.92%.
Analyst Ratings Changes
A number of brokerages have recently commented on EG. Atlantic Securities set a $484.00 target price on shares of Everest Group in a research report on Wednesday, July 15th. Citigroup boosted their price target on Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a report on Friday, July 31st. TD Cowen increased their price objective on Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a research note on Wednesday. Evercore set a $377.00 price objective on Everest Group in a report on Thursday, July 30th. Finally, Mizuho decreased their target price on Everest Group from $418.00 to $416.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $395.27.
About Everest Group
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.
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