Elevation Point Wealth Partners LLC purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,928 shares of the company's stock, valued at approximately $3,189,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Trifecta Capital Advisors LLC acquired a new position in shares of Everest Group in the 2nd quarter valued at $29,000. Activest Wealth Management purchased a new position in shares of Everest Group during the 4th quarter worth $34,000. Raiffeisen Bank International AG purchased a new position in shares of Everest Group during the 4th quarter worth $34,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Everest Group during the 4th quarter worth about $37,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Everest Group during the 2nd quarter worth about $39,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting Everest Group
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.
Everest Group Stock Performance
Shares of EG stock opened at $370.18 on Friday. The firm has a 50 day moving average of $366.34 and a two-hundred day moving average of $346.80. The stock has a market capitalization of $14.19 billion, a PE ratio of 7.83, a P/E/G ratio of 0.73 and a beta of 0.29. 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, Ltd. has a 52 week low of $302.44 and a 52 week high of $401.07.
Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, topping analysts' consensus estimates of $14.52 by $0.33. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.99 billion. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The company's revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $16.10 earnings per share. On average, research analysts predict that Everest Group, Ltd. will post 52.91 EPS for the current fiscal year.
Everest Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. The ex-dividend date is Wednesday, September 9th. This represents a $8.00 annualized dividend and a yield of 2.2%. Everest Group's dividend payout ratio is 16.92%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on EG. Wells Fargo & Company boosted their price objective on shares of Everest Group from $373.00 to $396.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Evercore set a $377.00 target price on shares of Everest Group in a research note on Thursday, July 30th. Morgan Stanley lifted their price target on shares of Everest Group from $355.00 to $360.00 and gave the company an "equal weight" rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, July 8th. Finally, Mizuho decreased their price objective on shares of Everest Group from $418.00 to $416.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $395.27.
Check Out Our Latest Research Report on Everest Group
Everest Group Company Profile
(
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.
Further Reading
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