Leuthold Group LLC lifted its holdings in Everest Group, Ltd. (NYSE:EG – Free Report) by 877.8% in the third quarter, HoldingsChannel.com reports. The fund owned 25,990 shares of the company’s stock after buying an additional 23,332 shares during the quarter. Leuthold Group LLC’s holdings in Everest Group were worth $9,491,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in Everest Group by 30.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,379 shares of the company’s stock worth $877,000 after purchasing an additional 557 shares in the last quarter. StoneRidge PMG Advisors LLC bought a new position in Everest Group in the 3rd quarter worth approximately $525,000. Ethic Inc. grew its holdings in Everest Group by 13.6% during the 3rd quarter. Ethic Inc. now owns 4,337 shares of the company’s stock valued at $1,584,000 after buying an additional 520 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Everest Group by 0.4% during the 3rd quarter. Pictet Asset Management Holding SA now owns 17,418 shares of the company’s stock valued at $6,361,000 after buying an additional 71 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Everest Group by 15.6% during the 3rd quarter. Parallel Advisors LLC now owns 845 shares of the company’s stock valued at $309,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.
Insider Activity
In other Everest Group news, Director Laura J. Hay sold 144 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $418.78, for a total value of $60,304.32. Following the completion of the sale, the director owned 1,770 shares of the company’s stock, valued at $741,240.60. This trade represents a 7.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William F. Galtney, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $412.41, for a total value of $2,062,050.00. Following the transaction, the director owned 40,491 shares of the company’s stock, valued at $16,698,893.31. This trade represents a 10.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.70% of the company’s stock.
Everest Group Stock Up 0.3%
NYSE EG opened at $412.45 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average of $383.16 and a two-hundred day moving average of $355.97. The firm has a market capitalization of $15.28 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.59 and a beta of 0.23. Everest Group, Ltd. has a 52 week low of $304.55 and a 52 week high of $431.19.
Everest Group (NYSE:EG – Get Free Report) last announced 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). Everest Group had a net margin of 11.70% and a return on equity of 13.71%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the prior year, the company posted $7.54 EPS. The company’s revenue was down 14.0% compared to the same quarter last year. On average, analysts predict that Everest Group, Ltd. will post 53.43 earnings per share for the current year.
Everest Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, December 4th. Everest Group’s dividend payout ratio is presently 16.91%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on EG. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $407.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 4th. Wells Fargo & Company upped their target price on shares of Everest Group from $396.00 to $428.00 and gave the company an “equal weight” rating in a research report on Monday, November 2nd. Weiss Ratings raised shares of Everest Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 21st. Atlantic Securities set a $484.00 price target on shares of Everest Group in a report on Wednesday, July 15th. Finally, Cantor Fitzgerald lifted their price target on Everest Group from $390.00 to $419.00 and gave the stock a “neutral” rating in a research report on Monday, November 2nd. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $426.27.
Get Our Latest Report on Everest Group
Trending Headlines about Everest Group
Here are the key news stories impacting Everest Group this week:
- Negative Sentiment: Several law firms publicized a class action on behalf of investors who bought Everest shares from February 8, 2024, through October 27, 2025. The suit alleges the company misrepresented aspects of its casualty underwriting and remediation, including risks tied to guaranteed-cost programs, large auto fleets and underpriced accounts; the alleged cleanup included transferring renewal rights on about $2 billion in annual premiums to AIG. Investors have until December 27 or 28, 2026, to seek lead-plaintiff status. The claims remain allegations. Article: Levi & Korsinsky class-action notice
- Negative Sentiment: Director William Galtney, Jr. sold 5,000 shares for about $2.06 million, reducing his direct holdings by roughly 11% to 40,491 shares. Insider sales can weigh on sentiment, though the director retains a substantial position. SEC Form 4 filing
About Everest Group
Everest Group, Ltd. (NYSE: EG) is a global insurance and reinsurance company headquartered in Bermuda. It provides property and casualty coverage to businesses, organizations and other insurers, helping clients manage risks ranging from routine exposures to complex and specialty risks.
The company offers reinsurance through treaty and facultative arrangements, as well as primary insurance across a range of commercial and specialty lines. Its operations serve clients in the United States and international markets, including Europe, Canada, Latin America and Asia-Pacific.
Everest’s roots trace to the establishment of Everest Reinsurance Company in 1973.
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