Te Ahumairangi Investment Management Ltd purchased a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 54,839 shares of the company's stock, valued at approximately $19,590,000. Everest Group comprises approximately 3.2% of Te Ahumairangi Investment Management Ltd's portfolio, making the stock its 5th biggest holding. Te Ahumairangi Investment Management Ltd owned approximately 0.14% of Everest Group as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the stock. Geneos Wealth Management Inc. grew its holdings in shares of Everest Group by 98.9% in the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company's stock worth $66,000 after purchasing an additional 90 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Everest Group during the second quarter worth about $384,000. Marshall Wace LLP purchased a new stake in shares of Everest Group during the second quarter worth about $238,000. Jump Financial LLC bought a new stake in shares of Everest Group in the second quarter worth about $1,510,000. Finally, Federated Hermes Inc. grew its stake in shares of Everest Group by 3.7% in the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company's stock worth $4,898,000 after purchasing an additional 510 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
EG has been the subject of a number of recent analyst reports. Evercore set a $377.00 price target on Everest Group in a research report on Thursday, July 30th. Citigroup boosted their target price on Everest Group from $395.00 to $415.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Mizuho decreased their target price on Everest Group from $418.00 to $416.00 and set a "neutral" rating for the company in a report on Friday, July 31st. TD Cowen raised their price target on Everest Group from $365.00 to $385.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Barclays boosted their price objective on shares of Everest Group from $420.00 to $430.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Everest Group presently has a consensus rating of "Hold" and a consensus target price of $395.27.
Read Our Latest Stock Report on Everest Group
Everest Group News Summary
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 Monday. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $401.07. The company's 50-day moving average is $366.34 and its 200 day moving average is $346.91. The company has a market capitalization of $14.19 billion, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 0.73 and a beta of 0.29. 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 (NYSE:EG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.52 by $0.33. The business had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.99 billion. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The business's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $16.10 earnings per share. Sell-side analysts expect that Everest Group, Ltd. will post 52.91 EPS for the current fiscal year.
Everest Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, September 9th. Everest Group's payout ratio is presently 16.92%.
Everest Group Company Profile
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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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