Everest Group (NYSE:EG) Director Sells 5,000 Shares of Stock

Everest Group, Ltd. (NYSE:EG) Director William Galtney, Jr. sold 5,000 shares of the stock in a transaction 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 sale, the director owned 40,491 shares of the company’s stock, valued at approximately $16,698,893.31. This represents a 10.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Everest Group Stock Up 0.3%

Shares of EG traded up $1.34 during midday trading on Monday, hitting $412.45. 337,304 shares of the company’s stock traded hands, compared to its average volume of 381,613. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 0.57 and a beta of 0.23. Everest Group, Ltd. has a 1 year low of $304.55 and a 1 year high of $431.19. The firm’s fifty day moving average is $382.48 and its 200-day moving average is $355.53.

Everest Group (NYSE:EG) 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 return on equity of 13.71% and a net margin of 11.70%. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the firm earned $7.54 earnings per share. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Everest Group, Ltd. will post 53.43 earnings per share for the current year.

Everest Group Announces Dividend

The firm also recently declared 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 is Friday, December 4th. 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%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EG shares. Weiss Ratings raised shares of Everest Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Royal Bank Of Canada lifted their target price on shares of Everest Group from $455.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, October 30th. Barclays boosted their target price on shares of Everest Group from $420.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Mizuho cut 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 note on Wednesday, October 7th. Finally, Evercore set a $377.00 price target on shares of Everest Group in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $426.27.

Institutional Trading of Everest Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EG. BlackRock Inc. acquired a new position in shares of Everest Group in the second quarter valued at about $1,150,555,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Everest Group in the second quarter worth about $350,718,000. William Blair Investment Management LLC acquired a new stake in shares of Everest Group during the second quarter worth about $171,426,000. Donald Smith & CO. Inc. acquired a new stake in shares of Everest Group during the second quarter worth about $153,206,000. Finally, Hsbc Holdings PLC lifted its holdings 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 purchasing an additional 375,846 shares during the period. 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:

• Negative Sentiment: The suit alleges Everest misled investors about underwriting remediation in its casualty business, including exposure to guaranteed-cost programs, large auto fleets, and underpriced accounts. It claims a cleanup culminated in transferring renewal rights tied to about $2 billion in annual premiums to AIG. These are allegations, not established findings; the litigation creates legal and reputational uncertainty. The lead-plaintiff deadline is reported as December 28, 2026, in most notices, with one notice citing December 27. Article: Levi & Korsinsky reminds Everest investors of lawsuit
• Negative Sentiment: One law-firm notice referenced an 11.4% share-price drop associated with the allegations, underscoring potential investor concern; the notices themselves do not establish the lawsuit’s merits. Article: Securities class-action notice and reported stock decline

Everest Group Company Profile

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.