Everest Group, Ltd. $EG Stake Lifted by Leuthold Group LLC

Key Points

• Leuthold Group increased its Everest Group stake by 877.8% in the third quarter, to 25,990 shares valued at about $9.49 million. Institutional investors collectively own 92.64% of the company’s stock.
• Everest Group’s latest quarter fell short of expectations: earnings were $7.62 per share versus a $9.38 consensus, while revenue declined 14% year over year to $3.71 billion.
• Investors face a potential legal overhang: a class action alleges Everest misrepresented casualty-underwriting risks; the claims remain allegations, and the lead-plaintiff deadline is December 27 or 28, 2026.

Leuthold Group LLC increased its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 877.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,990 shares of the company's stock after purchasing an additional 23,332 shares during the quarter. Leuthold Group LLC owned 0.07% of Everest Group worth $9,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Bank of America Corp DE purchased a new stake in Everest Group in the second quarter worth approximately $108,102,000. William Blair Investment Management LLC bought a new position in shares of Everest Group during the 2nd quarter valued at $171,426,000. The Manufacturers Life Insurance Company bought a new position in shares of Everest Group during the 2nd quarter valued at $9,122,000. Polianta Ltd bought a new position in shares of Everest Group during the 2nd quarter valued at $2,000,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Everest Group in the 2nd quarter worth $5,351,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on EG shares. Citigroup lifted their price objective on Everest Group from $415.00 to $445.00 and gave the stock a "neutral" rating in a report on Monday, November 2nd. Wells Fargo & Company increased their target price on Everest Group from $396.00 to $428.00 and gave the company an "equal weight" rating in a report on Monday, November 2nd. Weiss Ratings raised Everest Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 21st. Mizuho cut their price target on Everest Group from $416.00 to $398.00 and set a "neutral" rating for the company in a research note on Wednesday, October 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $407.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, November 4th. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Everest Group presently has an average rating of "Hold" and a consensus target price of $426.27.

Insider Activity

In other Everest Group news, Director William Galtney, Jr. sold 5,000 shares of the company's stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $412.41, for a total value of $2,062,050.00. Following the completion of the sale, the director owned 40,491 shares in the company, valued at $16,698,893.31. This represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Laura Hay sold 144 shares of the company's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $418.78, for a total value of $60,304.32. Following the completion of the sale, the director owned 1,770 shares of the company's stock, valued at approximately $741,240.60. The trade was a 7.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.70% of the company's stock.

More Everest Group News

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

• Negative Sentiment: Several law firms publicized a class action on behalf of investors who bought Everest shares from February 8, 2024, through October 27, 2025. The suit alleges the company misrepresented aspects of its casualty underwriting and remediation, including risks tied to guaranteed-cost programs, large auto fleets and underpriced accounts; the alleged cleanup included transferring renewal rights on about $2 billion in annual premiums to AIG. Investors have until December 27 or 28, 2026, to seek lead-plaintiff status. The claims remain allegations. Article: Levi & Korsinsky class-action notice
• Negative Sentiment: Director William Galtney, Jr. sold 5,000 shares for about $2.06 million, reducing his direct holdings by roughly 11% to 40,491 shares. Insider sales can weigh on sentiment, though the director retains a substantial position. SEC Form 4 filing

Everest Group Trading Up 0.3%

Shares of Everest Group stock opened at $412.45 on Tuesday. The company's fifty day simple moving average is $383.16 and its 200-day simple moving average is $355.97. The stock has a market capitalization of $15.28 billion, a PE ratio of 8.72, a P/E/G ratio of 0.59 and a beta of 0.23. Everest Group, Ltd. has a 1-year low of $304.55 and a 1-year high of $431.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.35.

Everest Group (NYSE:EG - Get Free Report) last posted 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 13.71% 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 company earned $7.54 earnings per share. The company's revenue for the quarter was down 14.0% on a year-over-year basis. As a group, equities analysts anticipate that Everest Group, Ltd. will post 53.43 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, December 4th. Everest Group's payout ratio is currently 16.91%.

About Everest Group

Everest Group, Ltd. NYSE: EG is a global insurance and reinsurance company headquartered in Bermuda. It provides property and casualty coverage to businesses, organizations and other insurers, helping clients manage risks ranging from routine exposures to complex and specialty risks.

The company offers reinsurance through treaty and facultative arrangements, as well as primary insurance across a range of commercial and specialty lines. Its operations serve clients in the United States and international markets, including Europe, Canada, Latin America and Asia-Pacific.

Everest's roots trace to the establishment of Everest Reinsurance Company in 1973.

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.