Everest Group, Ltd. (NYSE:EG – Get Free Report) Director Laura Hay sold 144 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $418.78, for a total transaction of $60,304.32. Following the sale, the director owned 1,770 shares in the company, valued at $741,240.60. This represents a 7.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Everest Group Stock Performance
Shares of NYSE:EG opened at $417.09 on Friday. Everest Group, Ltd. has a 1 year low of $304.55 and a 1 year high of $431.19. The stock has a market capitalization of $15.45 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 0.59 and a beta of 0.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.35. The company’s 50 day simple moving average is $381.81 and its 200 day simple moving average is $355.07.
Everest Group (NYSE:EG – Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $7.62 earnings per share for the quarter, missing the consensus estimate of $9.38 by ($1.76). The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.81 billion. Everest Group had a return on equity of 13.71% and a net margin of 11.70%. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.54 earnings per share. As a group, research analysts predict that Everest Group, Ltd. will post 52.80 EPS for the current fiscal year.
Everest Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.9%. Everest Group’s payout ratio is 16.91%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Maryland State Retirement & Pension System raised its position in shares of Everest Group by 17.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 2,355 shares of the company’s stock worth $860,000 after acquiring an additional 344 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of Everest Group by 51.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 13,431 shares of the company’s stock valued at $4,905,000 after purchasing an additional 4,569 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Everest Group by 24.3% during the 3rd quarter. Lido Advisors LLC now owns 2,233 shares of the company’s stock valued at $816,000 after purchasing an additional 436 shares in the last quarter. M&G PLC boosted its position in shares of Everest Group by 2.5% during the 3rd quarter. M&G PLC now owns 56,917 shares of the company’s stock valued at $20,775,000 after purchasing an additional 1,407 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in Everest Group during the third quarter worth approximately $217,000. 92.64% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on EG shares. Citigroup lifted their target price on Everest Group from $415.00 to $445.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley increased their target price on shares of Everest Group from $375.00 to $395.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. Wells Fargo & Company increased their target price on shares of Everest Group from $396.00 to $428.00 and gave the stock an “equal weight” rating in a report on Monday. Atlantic Securities set a $484.00 price target on shares of Everest Group in a research note on Wednesday, July 15th. Finally, TD Cowen lifted their price target on shares of Everest Group from $365.00 to $385.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Everest Group presently has a consensus rating of “Hold” and a consensus target price of $426.27.
Key Headlines Impacting Everest Group
Here are the key news stories impacting Everest Group this week:
- Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $450 from $407 and maintained an “outperform” rating, signaling confidence in potential upside. Keefe, Bruyette & Woods rating
- Positive Sentiment: Everest declared a quarterly dividend of $2 per share, payable December 18 to shareholders of record December 4. The annualized payout is $8 per share.
- Neutral Sentiment: A director sold 144 shares under a pre-arranged Rule 10b5-1 trading plan. The relatively small sale may be less informative than an unscheduled transaction.
- Negative Sentiment: Several law firms publicized the same securities class action against Everest, alleging investor claims related to shares purchased from February 8, 2024, through October 27, 2025. Investors have until December 28, 2026, to seek lead-plaintiff status. The repeated alerts are not separate lawsuits, but the litigation may create legal costs and reputational uncertainty. Class action announcement
About Everest Group
Everest Group, Ltd. is a global insurance and reinsurance company that provides property and casualty coverage to businesses, institutions, and other insurers. Its operations focus on assuming and managing risks through reinsurance, as well as offering insurance products in selected specialty and commercial markets.
The company’s reinsurance business supports insurers across lines such as property, casualty, specialty, and other risks. Through its insurance platform, Everest provides coverage for commercial customers and specialty exposures, including property, casualty, professional liability, and other products that may vary by market.
Read More
- Five stocks we like better than Everest Group
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for Everest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everest Group and related companies with MarketBeat.com's FREE daily email newsletter.
