Citigroup Forecasts Strong Price Appreciation for Everest Group (NYSE:EG) Stock

Key Points

• Citigroup raised Everest Group’s price target from $415 to $445 while maintaining a neutral rating, implying roughly 6.1% upside from the stock’s reported price.
• Everest shares rose 2.1% to $419.50, reaching a new 52-week high, despite the company’s latest quarterly results missing earnings and revenue expectations and revenue falling 14% year over year.
• Analyst sentiment remains mixed: the consensus rating is “Hold,” with an average price target of $417.06, while institutional investors own approximately 92.6% of the company.

Everest Group (NYSE:EG - Get Free Report) had its price objective boosted by investment analysts at Citigroup from $415.00 to $445.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's target price would suggest a potential upside of 6.08% from the stock's current price.

A number of other analysts have also commented on EG. Atlantic Securities set a $484.00 target price on Everest Group in a research report on Wednesday, July 15th. Barclays upped their price objective on shares of Everest Group from $420.00 to $430.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Royal Bank Of Canada increased their target price on shares of Everest Group from $455.00 to $475.00 and gave the stock an "outperform" rating in a research report on Friday. Evercore set a $377.00 price target on shares of Everest Group in a research report on Thursday, July 30th. Finally, Cantor Fitzgerald boosted their price objective on Everest Group from $390.00 to $419.00 and gave the company a "neutral" rating in a research note on Monday. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $417.06.

Everest Group Trading Up 2.1%

NYSE:EG traded up $8.53 during trading hours on Monday, hitting $419.50. 252,083 shares of the company were exchanged, compared to its average volume of 378,639. The stock has a market capitalization of $16.08 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 0.57 and a beta of 0.23. The company has a fifty day simple moving average of $378.52 and a 200 day simple moving average of $353.16. 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 has a one year low of $304.55 and a one year high of $419.50.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $7.62 earnings per share for the quarter, missing analysts' consensus estimates of $9.38 by ($1.76). The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates 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 for the quarter was down 14.0% compared to the same quarter last year. During the same period in the prior year, the company posted $7.54 EPS. Sell-side analysts expect that Everest Group will post 53.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Everest Group

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Everest Group in the 2nd quarter worth approximately $1,150,555,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Everest Group in the second quarter worth $350,718,000. William Blair Investment Management LLC bought a new stake in shares of Everest Group in the 2nd quarter worth approximately $171,426,000. Donald Smith & CO. Inc. purchased a new stake in Everest Group during the 2nd quarter valued at about $153,206,000. Finally, Hsbc Holdings PLC increased its position 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 valued at $147,102,000 after acquiring an additional 375,846 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Trending Headlines about Everest Group

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

• Positive Sentiment: Wells Fargo raised its price target from $396 to $428 while maintaining an “equal weight” rating, implying modest additional upside. Wells Fargo analyst ratings
• Positive Sentiment: Cantor Fitzgerald increased its target from $390 to $419 and kept a “neutral” rating, signaling that its valuation view has improved even though the firm sees limited upside. Cantor Fitzgerald analyst ratings
• Positive Sentiment: Other analyst updates cited targets of $475 and $395, reflecting a wide range of views on Everest’s valuation. Everest Group price target raised to $475 Everest Group price target raised to $395
• Neutral Sentiment: Morgan Stanley reiterated its “hold” rating, suggesting analysts remain cautious despite the recent price-target increases. Morgan Stanley hold rating
• Negative Sentiment: Everest’s third-quarter results were described as facing a margin squeeze. The company previously reported $7.62 in adjusted earnings per share versus a $9.38 consensus estimate, while revenue declined 14% year over year, highlighting pressure on profitability and growth. Everest Group stock gains despite Q3 margin squeeze
• Negative Sentiment: Multiple law firms announced or promoted a securities class action involving investors who purchased Everest securities between February 8, 2024, and October 27, 2025. The lead-plaintiff deadline is December 28, 2026; the litigation may weigh on sentiment and create potential legal costs. Everest Group shareholder class action alert Rosen Everest Group class action notice

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.

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