California State Teachers Retirement System Boosts Holdings in Everest Group, Ltd. $EG

Key Points

• California State Teachers Retirement System increased its Everest Group stake by 29,666.3% in the second quarter, acquiring 18.5 million additional shares. It now owns approximately 48.5% of the company, while institutional investors collectively hold 92.64%.
• Everest Group trades at a relatively low valuation, with a P/E ratio of 7.79, and declared a quarterly dividend of $2.00, representing an annualized yield of about 2.2%.
• Analysts maintain a consensus “Hold” rating with an average price target of $395.27, but casualty-reserve risks and reduced EPS forecasts remain key concerns that could pressure future earnings.

California State Teachers Retirement System grew its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 29,666.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,597,394 shares of the company's stock after purchasing an additional 18,534,916 shares during the period. California State Teachers Retirement System owned approximately 48.51% of Everest Group worth $6,643,547,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Trifecta Capital Advisors LLC purchased a new stake in Everest Group in the second quarter worth about $29,000. Raiffeisen Bank International AG bought a new stake in Everest Group during the 4th quarter valued at approximately $34,000. Cullen Frost Bankers Inc. purchased a new position in shares of Everest Group during the 4th quarter worth approximately $37,000. CYBER HORNET ETFs LLC bought a new position in shares of Everest Group in the 2nd quarter worth approximately $39,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Everest Group in the 2nd quarter worth approximately $43,000. 92.64% of the stock is owned by institutional investors.

Key Everest Group News

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

• Positive Sentiment: A quiet Atlantic hurricane season could reduce catastrophe losses and support Everest’s 2026 results. The company is also reducing legacy exposures, emphasizing underwriting profitability over premium growth, and pursuing significant share buybacks, contributing to an estimated capital-return yield of about 9%. Everest Group Should Benefit From A Quiet Atlantic Hurricane Season
• Positive Sentiment: Everest’s conservative investment portfolio and low leverage provide financial flexibility for continued capital deployment and help mitigate balance-sheet risk, even as reinsurance pricing remains competitive.
• Positive Sentiment: Wawanesa received regulatory approval to acquire Everest Insurance Company of Canada. The transaction advances Everest’s efforts to streamline its portfolio and reduce legacy exposure, although the immediate financial impact was not disclosed. Wawanesa receives regulatory approval to acquire Everest Insurance Company of Canada
• Neutral Sentiment: Everest trades at a relatively inexpensive valuation, with a reported price-to-earnings ratio below 8, but investors remain focused on whether the discount adequately reflects risks in the casualty insurance book. Everest Group: Cheap Valuation, But Casualty Reserves Remain A Concern
• Negative Sentiment: Zacks Research lowered its EPS forecasts across multiple periods, including FY2026 to $52.49 from $53.10 and FY2027 to $58.63 from $59.23. Estimates were also reduced for several quarterly periods and FY2028, signaling somewhat softer expectations and weighing on sentiment.
• Negative Sentiment: Concerns about casualty reserves remain an overhang. If prior-year claims develop unfavorably, reserve increases could pressure earnings and offset benefits from favorable catastrophe conditions and share repurchases.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Evercore set a $377.00 price target on Everest Group in a research report on Thursday, July 30th. BMO Capital Markets raised their price objective on Everest Group from $366.00 to $376.00 and gave the company a "market perform" rating in a research report on Thursday, May 14th. Atlantic Securities set a $484.00 target price on shares of Everest Group in a report on Wednesday, July 15th. Mizuho reduced their target price on shares of Everest Group from $418.00 to $416.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $411.00 to $414.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $395.27.

Everest Group Stock Performance

Everest Group stock opened at $368.27 on Thursday. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $401.07. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $14.12 billion, a P/E ratio of 7.79, a PEG ratio of 0.73 and a beta of 0.28. The stock's 50 day moving average is $374.64 and its 200 day moving average is $350.84.

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

Everest Group Dividend Announcement

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

Everest Group Company Profile

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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