Everest Group, Ltd. $EG Stock: Summit Global Investments Increases Position

Summit Global Investments boosted its position in Everest Group, Ltd. (NYSE:EG) by 17.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,789 shares of the company’s stock after purchasing an additional 2,098 shares during the quarter. Summit Global Investments’ holdings in Everest Group were worth $5,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Everest Group by 0.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,061 shares of the company’s stock valued at $1,848,000 after purchasing an additional 26 shares during the last quarter. Parcion Private Wealth LLC grew its stake in Everest Group by 5.5% during the 3rd quarter. Parcion Private Wealth LLC now owns 591 shares of the company’s stock valued at $216,000 after purchasing an additional 31 shares during the last quarter. CX Institutional boosted its position in Everest Group by 5.7% in the third quarter. CX Institutional now owns 596 shares of the company’s stock valued at $218,000 after buying an additional 32 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Everest Group by 2.6% in the second quarter. Baird Financial Group Inc. now owns 1,317 shares of the company’s stock worth $470,000 after acquiring an additional 33 shares during the period. Finally, MBA Advisors LLC grew its position in Everest Group by 5.4% during the 2nd quarter. MBA Advisors LLC now owns 666 shares of the company’s stock worth $238,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Price Performance

Everest Group stock opened at $411.58 on Friday. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 0.61 and a beta of 0.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.35 and a current ratio of 0.36. Everest Group, Ltd. has a 1 year low of $304.55 and a 1 year high of $413.00. The company’s 50 day simple moving average is $378.52 and its 200-day simple moving average is $353.16.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, October 28th. The company reported $7.62 EPS for the quarter, missing the consensus estimate of $9.38 by ($1.76). Everest Group had a return on equity of 13.71% and a net margin of 11.70%. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the prior year, the business earned $7.54 earnings per share. The company’s quarterly revenue was down 14.0% on a year-over-year basis. As a group, equities research analysts expect that Everest Group, Ltd. will post 53.32 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Wednesday, September 9th were issued a $2.00 dividend. The ex-dividend date was Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a yield of 1.9%. Everest Group’s dividend payout ratio (DPR) is 16.91%.

Analyst Upgrades and Downgrades

Several analysts recently commented on EG shares. Mizuho dropped their price target on shares of Everest Group from $416.00 to $398.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Royal Bank Of Canada raised their price objective on Everest Group from $455.00 to $475.00 and gave the company an “outperform” rating in a report on Friday. Evercore set a $377.00 price target on Everest Group in a research report on Thursday, July 30th. Weiss Ratings raised Everest Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 21st. Finally, UBS Group lifted their price objective on Everest Group from $374.00 to $395.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $411.38.

Key Stories Impacting Everest Group

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

Everest Group Company Profile

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.