Everest Group (NYSE:EG) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Key Points

• Morgan Stanley raised Everest Group’s price target to $395 from $375 while maintaining an “equal weight” rating, implying 3.84% downside from the cited stock price. Analysts overall have a consensus “Hold” rating and an average target of $411.38.
• Everest shares rose 2.5% to $410.77, near their 52-week high of $412.26. The stock is valued at a P/E ratio of 8.68, with institutional investors owning 92.64% of shares.
• Third-quarter results missed expectations: adjusted EPS was $7.62 versus the $9.38 consensus, while revenue fell 14% year over year to $3.71 billion. Higher catastrophe losses and adverse reserve development pressured underwriting performance.

Everest Group (NYSE:EG - Get Free Report) had its price objective hoisted by analysts at Morgan Stanley from $375.00 to $395.00 in a research note issued on Friday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target would indicate a potential downside of 3.84% from the stock's current price.

EG has been the subject of a number of other research reports. Barclays increased their price objective on Everest Group from $420.00 to $430.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Everest Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 21st. Cantor Fitzgerald upped their target price on shares of Everest Group from $344.00 to $390.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Atlantic Securities set a $484.00 price target on shares of Everest Group in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company boosted their price objective on shares of Everest Group from $373.00 to $396.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $411.38.

Everest Group Trading Up 2.5%

Shares of EG traded up $10.18 during mid-day trading on Friday, hitting $410.77. 362,784 shares of the company's stock traded hands, compared to its average volume of 377,481. The firm has a market capitalization of $15.75 billion, a P/E ratio of 8.68, a PEG ratio of 0.57 and a beta of 0.26. The business's 50-day moving average price is $377.67 and its 200-day moving average price is $352.75. Everest Group has a 1 year low of $304.55 and a 1 year high of $412.26. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings data 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 13.46% and a net margin of 11.70%. The company had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.81 billion. During the same quarter last year, the business earned $7.54 earnings per share. The business's quarterly revenue was down 14.0% on a year-over-year basis. As a group, sell-side analysts forecast that Everest Group will post 53.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Trifecta Capital Advisors LLC purchased a new position in shares of Everest Group in the second quarter worth $29,000. Provenance Wealth Advisors LLC lifted its stake in Everest Group by 1,283.3% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 83 shares of the company's stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Root Financial Partners LLC lifted its stake in Everest Group by 70.1% in the 1st quarter. Root Financial Partners LLC now owns 165 shares of the company's stock worth $54,000 after purchasing an additional 68 shares in the last quarter. USA Financial Formulas purchased a new stake in Everest Group in the 3rd quarter worth $77,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Everest Group during the 2nd quarter valued at about $80,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

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 from $455 and maintained an “outperform” rating, implying further upside and signaling confidence in Everest’s earnings recovery and valuation. Royal Bank of Canada price target article
• Positive Sentiment: Everest agreed to sell its Chilean insurance operations to AIG. The transaction could simplify the company’s international portfolio and allow management to focus capital on higher-priority markets, though financial terms were not provided. Everest Chile operations sale article
• Neutral Sentiment: Management’s earnings-call commentary emphasized underwriting discipline, growth initiatives and a transition period as Everest strengthens reserves and adjusts its business mix. Record investment income provided some support, but investors are likely to watch whether underwriting profitability improves. Everest earnings call highlights
• Negative Sentiment: Third-quarter earnings missed expectations: adjusted EPS was $7.62 versus the $9.38 consensus, while revenue of $3.71 billion trailed estimates of $3.81 billion and declined 14% year over year. Higher catastrophe losses and adverse reserve development pressured underwriting results. Everest third-quarter earnings article
• Negative Sentiment: Multiple law firms publicized a securities class action alleging Everest misrepresented its management of risks tied to its U.S. casualty expansion. The lead-plaintiff deadline is December 28, 2026, creating potential litigation costs and reputational risk. Everest securities fraud lawsuit article

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.