Westpac Banking Corp Takes $514,000 Position in Everest Group, Ltd. $EG

Westpac Banking Corp bought a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,439 shares of the company’s stock, valued at approximately $514,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trifecta Capital Advisors LLC acquired a new stake in Everest Group in the second quarter worth $29,000. Activest Wealth Management acquired a new position in shares of Everest Group during the fourth quarter valued at about $34,000. Raiffeisen Bank International AG bought a new position in shares of Everest Group during the 4th quarter worth about $34,000. Cullen Frost Bankers Inc. bought a new position in shares of Everest Group during the 4th quarter worth about $37,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Everest Group during the 2nd quarter worth about $39,000. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Up 0.5%

Shares of NYSE EG opened at $370.18 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35. The company has a 50-day moving average price of $366.34 and a 200-day moving average price of $346.80. The stock has a market capitalization of $14.19 billion, a P/E ratio of 7.83, a P/E/G ratio of 0.73 and a beta of 0.29. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $401.07.

Everest Group (NYSE:EG) last posted its earnings results 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 net margin of 11.41% and a return on equity of 13.63%. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the business posted $16.10 EPS. The firm’s revenue was down 11.8% compared to the same quarter last year. On average, equities research analysts forecast that Everest Group, Ltd. will post 52.91 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group’s payout ratio is currently 16.92%.

Key Stories Impacting Everest Group

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.

Wall Street Analyst Weigh In

EG has been the subject of a number of research analyst reports. 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. Cantor Fitzgerald increased their price target on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Atlantic Securities set a $484.00 price objective on Everest Group in a research note on Wednesday, July 15th. Wells Fargo & Company boosted their price objective on Everest Group from $373.00 to $396.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Keefe, Bruyette & Woods upped their target price on Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $395.27.

Everest Group Company Profile

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.