Waverly Advisors LLC Sells 6,457 Shares of Everest Group, Ltd. $EG

Key Points

• Waverly Advisors cut its Everest Group stake by 26.3% in the second quarter, selling 6,457 shares and retaining 18,102 shares valued at approximately $6.47 million. Institutional investors collectively own 92.64% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $395.27. Recent targets range from $360 to $430, while Everest reported quarterly EPS of $14.85 on $3.96 billion in revenue.
• Everest declared a quarterly dividend of $2.00 per share, equivalent to $8.00 annually and a 2.2% yield. Shares opened at $371.06, and investors continue to weigh the company’s capital-return prospects against casualty-reserve risks.

Waverly Advisors LLC decreased its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 26.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,102 shares of the company's stock after selling 6,457 shares during the period. Waverly Advisors LLC's holdings in Everest Group were worth $6,467,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EG. Algebris UK Ltd. bought a new position in Everest Group in the 4th quarter worth approximately $23,460,000. Bank of America Corp DE lifted its holdings in shares of Everest Group by 7.7% during the first quarter. Bank of America Corp DE now owns 233,326 shares of the company's stock worth $76,263,000 after buying an additional 16,701 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Everest Group by 12,322.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company's stock valued at $176,205,000 after acquiring an additional 515,063 shares during the period. National Pension Service boosted its position in shares of Everest Group by 13.2% in the fourth quarter. National Pension Service now owns 44,113 shares of the company's stock valued at $14,970,000 after acquiring an additional 5,157 shares during the period. Finally, SEB Asset Management AB acquired a new stake in shares of Everest Group in the first quarter worth $36,615,000. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EG shares. Morgan Stanley upped their target price on shares of Everest Group from $355.00 to $360.00 and gave the company an "equal weight" rating in a research note on Monday, July 6th. Citigroup raised their price target on shares of Everest Group from $395.00 to $415.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Barclays upped 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. Mizuho reduced their target price on shares of Everest Group from $418.00 to $416.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Finally, UBS Group lifted their target price on Everest Group from $374.00 to $395.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. 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.com, the stock presently has a consensus rating of "Hold" and an average target price of $395.27.

Everest Group Stock Up 0.9%

Shares of NYSE:EG opened at $371.06 on Friday. The company's fifty day moving average is $374.63 and its 200-day moving average is $351.04. 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 52 week low of $302.44 and a 52 week high of $401.07. The company has a market capitalization of $14.23 billion, a PE ratio of 7.85, a P/E/G ratio of 0.72 and a beta of 0.28.

Everest Group (NYSE:EG - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share (EPS) for the quarter. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The business had revenue of $3.96 billion during the quarter. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group's dividend payout ratio (DPR) is currently 16.92%.

Everest Group News Summary

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 Profile

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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