Everest Group (NYSE:EG) Reaches New 52-Week High After Dividend Announcement

Key Points

• Everest Group reached a 52-week high of $429.80 after announcing a quarterly dividend of $2 per share, equivalent to an annualized $8 payout and a yield of about 1.9%.
• Analyst views remain mixed: five rate the stock Buy and nine Hold, for an overall Hold consensus and a $426.27 average price target. Keefe, Bruyette & Woods raised its target to $450 and maintained an Outperform rating.
• Quarterly results missed expectations: EPS was $7.62 versus a $9.38 consensus estimate, while revenue of $3.71 billion was below forecasts and down 14% year over year.

Shares of Everest Group, Ltd. (NYSE:EG - Get Free Report) hit a new 52-week high on Thursday after the company announced a dividend. The company traded as high as $429.80 and last traded at $429.5220, with a volume of 15,281 shares trading hands. The stock had previously closed at $421.30.The newly announced 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 is Friday, December 4th. Everest Group's dividend payout ratio (DPR) is 16.91%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EG. Evercore set a $377.00 price objective on Everest Group in a research note on Thursday, July 30th. Mizuho lowered their target price on shares of Everest Group from $416.00 to $398.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 7th. Citigroup lifted their target price on shares of Everest Group from $415.00 to $445.00 and gave the stock a "neutral" rating in a report on Monday. Keefe, Bruyette & Woods lifted their target price on shares of Everest Group from $407.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Barclays boosted their target price on shares of Everest Group from $420.00 to $430.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $426.27.

Everest Group Trading Up 1.4%

The company has a market capitalization of $15.83 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.57 and a beta of 0.23. The company has a 50-day simple moving average of $381.07 and a 200 day simple moving average of $354.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.35 and a current ratio of 0.36.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $7.62 earnings per share for the quarter, missing the consensus estimate of $9.38 by ($1.76). The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.81 billion. Everest Group had a net margin of 11.70% and a return on equity of 13.71%. The firm's revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the company posted $7.54 earnings per share. Sell-side analysts expect that Everest Group, Ltd. will post 52.80 earnings per share for the current year.

Everest Group News Roundup

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

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $450 from $407 and maintained an “outperform” rating, implying potential upside from the cited share price. Analyst rating
• Positive Sentiment: Everest declared a quarterly dividend of $2 per share, payable December 18 to shareholders of record December 4. The annualized payout is $8 per share, with a stated yield of about 1.9%.
• Negative Sentiment: Several law firms publicized a securities class action against Everest, alleging misleading statements during February 8, 2024–October 27, 2025. Investors have until December 28, 2026 to seek lead-plaintiff appointment. The notices are a potential reputational and legal overhang, though they do not establish wrongdoing. Class action notice

Institutional Trading of Everest Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trifecta Capital Advisors LLC bought a new position in Everest Group during the 2nd quarter valued at about $29,000. Provenance Wealth Advisors LLC boosted its position in Everest Group by 1,283.3% in the third quarter. Provenance Wealth Advisors LLC now owns 83 shares of the company's stock valued at $30,000 after buying an additional 77 shares in the last quarter. Root Financial Partners LLC grew its stake in Everest Group by 70.1% during the first quarter. Root Financial Partners LLC now owns 165 shares of the company's stock worth $54,000 after buying an additional 68 shares during the last quarter. USA Financial Formulas bought a new stake in Everest Group during the third quarter worth about $77,000. Finally, Fortitude Family Office LLC grew its stake in Everest Group by 718.5% during the third quarter. Fortitude Family Office LLC now owns 221 shares of the company's stock worth $81,000 after buying an additional 194 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

About Everest Group

Everest Group, Ltd. is a global insurance and reinsurance company that provides property and casualty coverage to businesses, institutions, and other insurers. Its operations focus on assuming and managing risks through reinsurance, as well as offering insurance products in selected specialty and commercial markets.

The company's reinsurance business supports insurers across lines such as property, casualty, specialty, and other risks. Through its insurance platform, Everest provides coverage for commercial customers and specialty exposures, including property, casualty, professional liability, and other products that may vary by market.

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