Zacks Research Equities Analysts Boost Earnings Estimates for Everest Group, Ltd. (NYSE:EG)

Everest Group, Ltd. (NYSE:EG - Free Report) - Equities research analysts at Zacks Research boosted their FY2026 earnings per share estimates for shares of Everest Group in a report issued on Wednesday, April 10th. Zacks Research analyst T. De now expects that the company will post earnings of $79.46 per share for the year, up from their prior estimate of $79.34. The consensus estimate for Everest Group's current full-year earnings is $61.21 per share.

A number of other equities analysts also recently commented on EG. TD Cowen started coverage on shares of Everest Group in a research note on Wednesday, January 10th. They issued a "market perform" rating and a $421.00 target price on the stock. Citigroup cut Everest Group from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $452.00 to $375.00 in a research note on Monday, February 12th. Morgan Stanley decreased their target price on Everest Group from $466.00 to $450.00 and set an "overweight" rating for the company in a research report on Monday. Wells Fargo & Company dropped their price target on Everest Group from $402.00 to $397.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Keefe, Bruyette & Woods raised their price target on Everest Group from $445.00 to $457.00 and gave the company an "outperform" rating in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Everest Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $432.11.

Everest Group Trading Down 0.6 %

Shares of EG stock traded down $2.28 on Monday, reaching $359.53. 206,953 shares of the company's stock were exchanged, compared to its average volume of 371,251. The company's fifty day simple moving average is $376.46 and its 200 day simple moving average is $380.58. Everest Group has a 52 week low of $331.08 and a 52 week high of $417.92. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $15.60 billion, a PE ratio of 6.02, a P/E/G ratio of 3.19 and a beta of 0.56.

Everest Group (NYSE:EG - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.63 by $10.55. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.85 billion. Everest Group had a return on equity of 25.05% and a net margin of 17.26%. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $12.21 earnings per share.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were paid a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $7.00 annualized dividend and a yield of 1.95%. Everest Group's dividend payout ratio (DPR) is presently 11.72%.

Insiders Place Their Bets

In other news, CFO Mark Kociancic acquired 1,000 shares of Everest Group stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $349.00 per share, for a total transaction of $349,000.00. Following the purchase, the chief financial officer now directly owns 25,733 shares in the company, valued at approximately $8,980,817. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Everest Group news, CFO Mark Kociancic acquired 1,000 shares of the stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $349.00 per share, with a total value of $349,000.00. Following the transaction, the chief financial officer now directly owns 25,733 shares of the company's stock, valued at $8,980,817. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Roger M. Singer bought 500 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $357.21 per share, for a total transaction of $178,605.00. Following the completion of the purchase, the director now owns 16,920 shares in the company, valued at $6,043,993.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 2,485 shares of company stock worth $874,786. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everest Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP acquired a new position in Everest Group during the 4th quarter valued at approximately $25,000. Avior Wealth Management LLC purchased a new stake in shares of Everest Group during the fourth quarter valued at $25,000. Headlands Technologies LLC acquired a new position in shares of Everest Group in the 4th quarter valued at $25,000. Janiczek Wealth Management LLC purchased a new position in Everest Group in the 4th quarter worth $27,000. Finally, Trifecta Capital Advisors LLC purchased a new position in Everest Group in the 4th quarter worth $28,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Company Profile

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.