2,098 Everest Group, Ltd. $EG Shares Acquired by Summit Global Investments

Posted by Francis Steltz on Nov 1st, 2026

Summit Global Investments lifted its position in Everest Group, Ltd. (NYSE:EG – Free Report) by 17.9% in the third quarter, Holdings Channel reports. The firm owned 13,789 shares of the company’s stock after acquiring an additional 2,098 shares during the period. Summit Global Investments’ holdings in Everest Group were worth $5,035,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in EG. BlackRock Inc. acquired a new position in Everest Group during the second quarter worth approximately $1,150,555,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Everest Group in the second quarter valued at approximately $350,718,000. William Blair Investment Management LLC acquired a new stake in shares of Everest Group in the second quarter valued at approximately $171,426,000. Donald Smith & CO. Inc. acquired a new stake in Everest Group during the 2nd quarter worth $153,206,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Everest Group by 507.4% during the first quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock worth $147,102,000 after buying an additional 375,846 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Price Performance

EG stock opened at $411.58 on Friday. Everest Group, Ltd. has a 12-month low of $304.55 and a 12-month high of $413.00. The stock has a 50-day moving average price of $378.52 and a two-hundred day moving average price of $353.16. The company has a market cap of $15.78 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 0.61 and a beta of 0.26. The company has a current ratio of 0.36, a quick ratio of 0.35 and a debt-to-equity ratio of 0.25.

Everest Group (NYSE:EG – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $7.62 EPS for the quarter, missing analysts’ consensus estimates of $9.38 by ($1.76). The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Everest Group had a net margin of 11.70% and a return on equity of 13.71%. The business’s revenue was down 14.0% on a year-over-year basis. During the same period in the prior year, the business posted $7.54 EPS. As a group, research analysts predict that Everest Group, Ltd. will post 53.32 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th were issued a dividend of $2.00 per share. The ex-dividend date was Wednesday, September 9th. This represents a $8.00 annualized dividend and a yield of 1.9%. Everest Group’s payout ratio is currently 16.91%.

Key Everest Group News

Here are the key news stories impacting Everest Group this week:

Positive Sentiment: RBC raised its price target to $475 and maintained an “outperform” rating, implying roughly 15% potential upside from the recently cited share price. The revision provides a favorable counterpoint to the company’s weaker quarterly results. RBC raises Everest Group price target
Positive Sentiment: Everest agreed to sell its Chilean insurance operations to AIG. The transaction could simplify the portfolio, improve capital allocation and allow management to focus on higher-priority markets, although financial terms and the effect on earnings were not provided. Everest announces Chile operations sale
Neutral Sentiment: Morgan Stanley raised its target to $395 but retained an “equal weight” rating. The higher target reflects improved valuation expectations, but it remains below the recently cited trading level, signaling limited near-term upside in the firm’s view. Morgan Stanley raises Everest Group price target
Negative Sentiment: Third-quarter earnings missed expectations. Everest reported $7.62 in adjusted EPS versus the $9.38 consensus estimate, while revenue of $3.71 billion also fell short of forecasts and declined 14% year over year. Higher catastrophe losses and unfavorable reserve development weakened underwriting profitability, despite record investment income. Everest Group Q3 earnings miss
Negative Sentiment: Multiple law firms publicized a securities-fraud class action against Everest. The lawsuit alleges the company misrepresented its management of risks tied to its expanding U.S. casualty business. Investors who purchased shares between February 8, 2024, and October 27, 2025, have until December 28, 2026, to seek lead-plaintiff status, creating legal, reputational and potential financial risks. Everest Group investor lawsuit alert

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Atlantic Securities set a $484.00 price objective on shares of Everest Group in a research report on Wednesday, July 15th. Morgan Stanley lifted their price objective on Everest Group from $375.00 to $395.00 and gave the stock an “equal weight” rating in a report on Friday. TD Cowen increased their price target on shares of Everest Group from $365.00 to $385.00 and gave the company a “hold” rating in a research report on Wednesday, August 19th. Mizuho lowered their target price on Everest Group from $416.00 to $398.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Everest Group from $414.00 to $407.00 and set an “outperform” rating on the stock in a research note on Monday, October 12th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Everest Group presently has an average rating of “Hold” and an average target price of $411.38.

View Our Latest Stock Report on Everest Group

About Everest Group

(Free Report)

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.