Key Points
- Director William Galtney, Jr. sold 5,000 Everest Group shares for about $2.06 million, reducing his holdings by roughly 11% to 40,491 shares.
- Everest Group’s latest quarter fell short of expectations: earnings were $7.62 per share versus $9.38 forecast, and revenue of $3.71 billion was down 14% year over year.
- Analysts have a consensus Hold rating and an average price target of $426.27. The company also declared a quarterly dividend of $2 per share.
Everest Group, Ltd. (NYSE:EG - Get Free Report) Director William Galtney, Jr. sold 5,000 shares of the business's stock in a transaction on Friday, November 6th. The stock was sold at an average price of $412.41, for a total transaction of $2,062,050.00. Following the transaction, the director owned 40,491 shares of the company's stock, valued at approximately $16,698,893.31. The trade was a 10.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Everest Group Stock Performance
NYSE:EG opened at $412.45 on Tuesday. The firm has a market capitalization of $15.28 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 0.59 and a beta of 0.23. The business's fifty day moving average price is $383.16 and its 200 day moving average price is $355.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.35. Everest Group, Ltd. has a 12 month low of $304.55 and a 12 month high of $431.19.
Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $7.62 earnings per share for the quarter, missing analysts' consensus estimates of $9.38 by ($1.76). The business had revenue of $3.71 billion during 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 quarterly revenue was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.54 earnings per share. On average, sell-side analysts anticipate that Everest Group, Ltd. will post 53.43 earnings per share for the current fiscal year.
Everest Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, December 4th. Everest Group's dividend payout ratio (DPR) is 16.91%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on EG shares. Cantor Fitzgerald boosted their target price on Everest Group from $390.00 to $419.00 and gave the stock a "neutral" rating in a research note on Monday, November 2nd. Royal Bank Of Canada increased their price target on shares of Everest Group from $455.00 to $475.00 and gave the company an "outperform" rating in a research note on Friday, October 30th. Evercore set a $377.00 price target on shares of Everest Group in a research note on Thursday, July 30th. Rosenblatt Securities set a $455.00 price objective on shares of Everest Group in a report on Tuesday, September 22nd. Finally, Citigroup boosted their price objective on shares of Everest Group from $415.00 to $445.00 and gave the stock a "neutral" rating in a research report on Monday, November 2nd. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $426.27.
Check Out Our Latest Analysis on Everest Group
Hedge Funds Weigh In On Everest Group
Several large investors have recently bought and sold shares of EG. Bank of America Corp DE acquired a new position in Everest Group in the 2nd quarter valued at $108,102,000. William Blair Investment Management LLC acquired a new position in shares of Everest Group during the 2nd quarter worth approximately $171,426,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Everest Group in the second quarter valued at $9,122,000. Polianta Ltd acquired a new stake in shares of Everest Group during the 2nd quarter worth about $2,000,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Everest Group in the 2nd quarter valued at $5,351,000. Institutional investors and hedge funds own 92.64% of the company's stock.
More Everest Group News
Here are the key news stories impacting Everest Group this week:
- Negative Sentiment: Several law firms publicized a class action on behalf of investors who bought Everest shares from February 8, 2024, through October 27, 2025. The suit alleges the company misrepresented aspects of its casualty underwriting and remediation, including risks tied to guaranteed-cost programs, large auto fleets and underpriced accounts; the alleged cleanup included transferring renewal rights on about $2 billion in annual premiums to AIG. Investors have until December 27 or 28, 2026, to seek lead-plaintiff status. The claims remain allegations. Article: Levi & Korsinsky class-action notice
- Negative Sentiment: Director William Galtney, Jr. sold 5,000 shares for about $2.06 million, reducing his direct holdings by roughly 11% to 40,491 shares. Insider sales can weigh on sentiment, though the director retains a substantial position. SEC Form 4 filing
Everest Group Company Profile
(
Get Free Report)
Everest Group, Ltd. (NYSE: EG) is a global insurance and reinsurance company headquartered in Bermuda. It provides property and casualty coverage to businesses, organizations and other insurers, helping clients manage risks ranging from routine exposures to complex and specialty risks.
The company offers reinsurance through treaty and facultative arrangements, as well as primary insurance across a range of commercial and specialty lines. Its operations serve clients in the United States and international markets, including Europe, Canada, Latin America and Asia-Pacific.
Everest's roots trace to the establishment of Everest Reinsurance Company in 1973.
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