Everest Group, Ltd. (NYSE:EG – Get Free Report) Director Laura Hay sold 144 shares of Everest Group stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $418.78, for a total transaction of $60,304.32. Following the completion of the transaction, the director directly owned 1,770 shares of the company’s stock, valued at approximately $741,240.60. This trade represents a 7.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Everest Group Stock Performance
NYSE EG opened at $410.59 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 $15.21 billion, a PE ratio of 8.68, a P/E/G ratio of 0.58 and a beta of 0.23. The company’s 50 day simple moving average is $382.48 and its two-hundred day simple moving average is $355.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.35.
Everest Group (NYSE:EG – Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $3.81 billion. Everest Group had a return on equity of 13.71% and a net margin of 11.70%. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.54 earnings per share. Analysts predict that Everest Group, Ltd. will post 53.43 earnings per share for the current fiscal year.
Everest Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $8.00 dividend on an annualized basis and a yield of 1.9%. Everest Group’s payout ratio is currently 16.91%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Everest Group during the 2nd quarter valued at about $1,150,555,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Everest Group during the 2nd quarter worth approximately $350,718,000. William Blair Investment Management LLC purchased a new stake in shares of Everest Group during the second quarter worth $171,426,000. Donald Smith & CO. Inc. acquired a new position in shares of Everest Group during the second quarter worth about $153,206,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Everest Group by 507.4% in the first quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock valued at $147,102,000 after buying an additional 375,846 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.
Everest Group News Roundup
Here are the key news stories impacting Everest Group this week:
- Positive Sentiment: DOWLING & PARTN raised its EPS estimates for fiscal 2026, 2027 and 2028 to $55, $63 and $70, respectively. The higher forecasts may support sentiment, although they are analyst estimates rather than company guidance. Analyst estimate update
- Neutral Sentiment: Everest declared a $2 quarterly dividend, payable December 18 to shareholders of record December 4. Dividend announcement
- Neutral Sentiment: Director Laura Hay sold 144 shares under a pre-arranged Rule 10b5-1 trading plan. The modest sale and planned nature of the transaction may make it less informative as a signal about her view of the stock. Director share sale
- Negative Sentiment: Several law firms publicized the same pending securities class action, alleging Everest made misleading statements during February 8, 2024–October 27, 2025. Investors have until December 28, 2026, to seek lead-plaintiff status. The allegations are not findings of wrongdoing, but the litigation may create legal costs and uncertainty. Class action alert
Wall Street Analysts Forecast Growth
EG has been the subject of a number of research reports. TD Cowen increased their target price on shares of Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a research report on Wednesday, August 19th. Wells Fargo & Company upped their target price on Everest Group from $396.00 to $428.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $407.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday. Weiss Ratings raised shares of Everest Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 21st. Finally, Morgan Stanley increased their target price on Everest Group from $375.00 to $395.00 and gave the stock an “equal weight” rating in a research note on Friday, October 30th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $426.27.
Get Our Latest Stock Analysis on EG
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.
See Also
- Five stocks we like better than Everest Group
- MarketBeat Week in Review – 11/2 – 11/6
- Q3 Earnings Have Investors Wondering: Is Mercado Libre Finally a Buy?
- CVS Raised Its Outlook and Announced a Breakup—So Why Did the Stock Drop?
- Array and Shoals Are Merging: Who Really Wins the All-Stock Solar Deal?
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.
