BlackRock Inc. purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,220,769 shares of the company's stock, valued at approximately $1,150,555,000. BlackRock Inc. owned 8.40% of Everest Group at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in EG. Siemens Fonds Invest GmbH lifted its position in Everest Group by 3.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company's stock worth $364,000 after buying an additional 34 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Everest Group by 4.0% during the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company's stock valued at $316,000 after acquiring an additional 37 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Everest Group by 27.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company's stock valued at $58,000 after acquiring an additional 37 shares in the last quarter. GenTrust LLC grew its position in Everest Group by 4.8% in the fourth quarter. GenTrust LLC now owns 874 shares of the company's stock worth $297,000 after acquiring an additional 40 shares in the last quarter. Finally, Tred Avon Family Wealth LLC raised its holdings in Everest Group by 6.5% during the first quarter. Tred Avon Family Wealth LLC now owns 657 shares of the company's stock valued at $215,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors 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: Upward earnings revisions: Zacks Research raised its FY2026 EPS forecast to $53.10 from $52.49, FY2027 to $59.23 from $58.45, and FY2028 to $66.63 from $65.28. It also increased estimates for Q4 2026, Q1 and Q2 2027, Q3 2027, and Q1 and Q2 2028. The revisions suggest improving expectations for Everest Group’s underwriting and investment results.
- Positive Sentiment: Forecast remains above consensus: Zacks’ $53.10 FY2026 estimate is modestly higher than the current analyst consensus of $52.83, providing a favorable earnings-expectations catalyst.
- Neutral Sentiment: TD Cowen maintained its Hold rating: The unchanged stance indicates the analyst sees limited immediate reason to change the investment case, even as earnings forecasts improve. TD Cowen Sticks to Their Hold Rating for Everest Group
- Negative Sentiment: One near-term forecast was cut: Zacks reduced its Q3 2026 EPS estimate to $8.88 from $9.03, signaling some expected earnings pressure in the upcoming quarter.
Analyst Ratings Changes
A number of brokerages have recently weighed in on EG. Citigroup boosted their price objective on shares of Everest Group from $395.00 to $415.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Evercore set a $377.00 target price on shares of Everest Group in a report on Thursday, July 30th. BMO Capital Markets boosted their target price on shares of Everest Group from $366.00 to $376.00 and gave the stock a "market perform" rating in a research report on Thursday, May 14th. Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, July 8th. Finally, Wells Fargo & Company raised their price target on Everest Group from $373.00 to $396.00 and gave the company an "equal weight" rating in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $395.27.
Get Our Latest Research Report on Everest Group
Everest Group Stock Up 0.5%
Shares of EG stock opened at $370.18 on Friday. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $401.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a fifty day moving average price of $366.34 and a 200 day moving average price of $346.80. The stock has a market cap of $14.19 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 0.73 and a beta of 0.29.
Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, topping analysts' consensus estimates of $14.52 by $0.33. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The firm had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.99 billion. During the same quarter last year, the company earned $16.10 earnings per share. The company's revenue for the quarter was down 11.8% compared to the same quarter last year. Analysts predict that Everest Group, Ltd. will post 52.91 earnings per share for the current year.
Everest Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $8.00 annualized dividend and a yield of 2.2%. Everest Group's payout ratio is currently 16.92%.
About Everest Group
(
Free Report)
Everest Group NYSE: EG is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.
With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.
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