Key Points
- Director Laura Hay sold 144 Everest Group shares for about $60,304 under a pre-arranged Rule 10b5-1 plan, reducing her stake by 7.52% to 1,770 shares.
- Quarterly results fell short of expectations: Everest reported EPS of $7.62 versus a $9.38 consensus and revenue of $3.71 billion, down 14% year over year.
- Everest declared a quarterly dividend of $2 per share ($8 annualized, a 1.9% yield); analyst views were mixed, with the consensus rating at Hold and an average price target of $426.27.
Everest Group, Ltd. (NYSE:EG - Get Free Report) Director Laura Hay sold 144 shares of the firm's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $418.78, for a total transaction of $60,304.32. Following the sale, the director directly owned 1,770 shares of the company's stock, valued at approximately $741,240.60. This trade represents a 7.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Everest Group Stock Performance
NYSE:EG opened at $417.09 on Friday. The company has a fifty day moving average of $381.81 and a 200-day moving average of $355.07. The firm has a market capitalization of $15.45 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.59 and a beta of 0.23. The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. Everest Group, Ltd. has a twelve month low of $304.55 and a twelve month high of $431.19.
Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $7.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.38 by ($1.76). The company had revenue of $3.71 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.54 EPS. As a group, sell-side analysts anticipate that Everest Group, Ltd. will post 52.80 EPS for the current year.
Everest Group Announces Dividend
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 paid a $2.00 dividend. 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 16.91%.
Key Everest Group News
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, signaling confidence in potential upside. Keefe, Bruyette & Woods 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.
- Neutral Sentiment: A director sold 144 shares under a pre-arranged Rule 10b5-1 trading plan. The relatively small sale may be less informative than an unscheduled transaction.
- Negative Sentiment: Several law firms publicized the same securities class action against Everest, alleging investor claims related to shares purchased from February 8, 2024, through October 27, 2025. Investors have until December 28, 2026, to seek lead-plaintiff status. The repeated alerts are not separate lawsuits, but the litigation may create legal costs and reputational uncertainty. Class action announcement
Institutional Trading of Everest Group
A number of hedge funds and other institutional investors have recently bought and sold shares of EG. Maryland State Retirement & Pension System lifted its stake in shares of Everest Group by 17.1% in the third quarter. Maryland State Retirement & Pension System now owns 2,355 shares of the company's stock valued at $860,000 after buying an additional 344 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Everest Group by 51.6% during the third quarter. Illinois Municipal Retirement Fund now owns 13,431 shares of the company's stock valued at $4,905,000 after buying an additional 4,569 shares during the last quarter. Lido Advisors LLC grew its holdings in shares of Everest Group by 24.3% during the third quarter. Lido Advisors LLC now owns 2,233 shares of the company's stock valued at $816,000 after buying an additional 436 shares during the last quarter. M&G PLC increased its position in shares of Everest Group by 2.5% during the third quarter. M&G PLC now owns 56,917 shares of the company's stock worth $20,775,000 after acquiring an additional 1,407 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new stake in shares of Everest Group during the third quarter worth about $217,000. Institutional investors own 92.64% of the company's stock.
Analysts Set New Price Targets
EG has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price objective on shares of Everest Group from $455.00 to $475.00 and gave the stock an "outperform" rating in a research report on Friday, October 30th. Mizuho decreased their target price on Everest Group from $416.00 to $398.00 and set a "neutral" rating for the company in a research report on Wednesday, October 7th. Wells Fargo & Company upped their price target on Everest Group from $396.00 to $428.00 and gave the stock an "equal weight" rating in a research note on Monday. TD Cowen upped 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, August 19th. Finally, Rosenblatt Securities set a $455.00 price target on Everest Group in a report on Tuesday, September 22nd. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Everest Group presently has an average rating of "Hold" and an average price target of $426.27.
Read Our Latest Research Report on Everest Group
Everest Group Company Profile
(
Get Free Report)
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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