Amundi Decreases Stake in Everest Group, Ltd. $EG

Key Points

• Amundi cut its Everest Group stake by 26.1% in the second quarter, selling 55,609 shares and retaining 157,421 shares worth approximately $56.2 million. Institutional investors collectively own 92.64% of the company.
• Analysts remain cautious, with four Buy ratings and twelve Holds producing a consensus “Hold” rating and an average price target of $395.27.
• Everest reported quarterly revenue of $3.96 billion and EPS of $14.85, and announced a $2.00 quarterly dividend, equivalent to an annualized $8.00 payout and a 2.2% yield. Key risks include casualty-reserve strengthening and softer earnings forecasts.

Amundi lessened its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 26.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 157,421 shares of the company's stock after selling 55,609 shares during the quarter. Amundi owned 0.41% of Everest Group worth $56,236,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in shares of Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company's stock valued at $66,000 after acquiring an additional 90 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Everest Group in the 2nd quarter valued at $384,000. Marshall Wace LLP acquired a new stake in Everest Group in the 2nd quarter valued at $238,000. Jump Financial LLC purchased a new position in Everest Group in the second quarter valued at about $1,510,000. Finally, Federated Hermes Inc. raised its position in Everest Group by 3.7% in the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company's stock valued at $4,898,000 after purchasing an additional 510 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup upped their target price on Everest Group from $395.00 to $415.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Cantor Fitzgerald increased their target price on Everest Group from $344.00 to $390.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Morgan Stanley raised their target price on Everest Group from $355.00 to $360.00 and gave the company an "equal weight" rating in a report on Monday, July 6th. Weiss Ratings raised Everest Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Finally, Mizuho decreased their price target on Everest Group from $418.00 to $416.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $395.27.

Everest Group News Roundup

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

• Positive Sentiment: Everest is identified as one of the reinsurers positioned to benefit from the growing use of alternative capital. The trend could expand underwriting capacity and support growth for companies that combine disciplined underwriting with third-party capital. 3 Reinsurers Set to Benefit From Alternative Capital Boom
• Positive Sentiment: An optimistic outlook for the 2026 Atlantic hurricane season could limit catastrophe losses. Everest is also reducing legacy exposures, emphasizing underwriting margins over premium growth and pursuing substantial share buybacks. The analysis estimates a capital-return yield of roughly 9%, while conservative investments and low leverage support continued capital deployment. Everest Group Should Benefit From A Quiet Atlantic Hurricane Season
• Neutral Sentiment: Brokerages collectively maintain a “Hold” recommendation, suggesting analysts see balanced upside and downside rather than a strong near-term catalyst. Everest Group Given Consensus Hold Recommendation
• Negative Sentiment: Zacks Research lowered its EPS forecasts across late 2026 through 2028, including fiscal 2026 earnings to $52.49 from $53.10 and fiscal 2027 earnings to $58.63 from $59.23. The revisions indicate somewhat softer expected profitability, although the estimates remain broadly consistent with the current full-year consensus near $53.28. Everest Group Earnings Estimate Revisions
• Negative Sentiment: Another analysis argues that Everest’s low valuation is offset by risks surrounding casualty reserves. Potential reserve strengthening could pressure future earnings and remains a key concern for investors. Everest Group: Cheap Valuation, But Casualty Reserves Remain A Concern

Everest Group Trading Up 0.9%

NYSE:EG opened at $371.06 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $401.07. The business's 50-day simple moving average is $374.63 and its 200 day simple moving average is $351.04. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 7.85, a price-to-earnings-growth ratio of 0.72 and a beta of 0.28.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $14.85 EPS for the quarter. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The firm had revenue of $3.96 billion during the quarter. As a group, sell-side analysts predict that Everest Group, Ltd. will post 53.2 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 9th. Everest Group's dividend payout ratio is 16.92%.

About Everest Group

Everest Group, Ltd. NYSE: EG is a global insurance and reinsurance company headquartered in Hamilton, Bermuda. Through its operating subsidiaries, the company provides property and casualty insurance and reinsurance products to businesses, insurers and other institutional clients.

Everest's reinsurance operations cover a range of property, casualty and specialty risks, while its insurance business offers commercial coverage in areas such as property, casualty, specialty, marine, accident and health.

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