Key Points
- Director William Galtney, Jr. sold 2,500 shares at an average of $414.29, worth about $1.04 million. He retained 37,991 shares after the sale.
- Everest Group’s latest quarterly results fell short of estimates: EPS was $7.62 versus $9.38 expected, while revenue of $3.71 billion missed forecasts and declined 14% year over year.
- The article reports a class-action lawsuit alleging the company misled investors about casualty underwriting risks; the allegations have not been proven and could add legal and reputational uncertainty.
Everest Group, Ltd. (NYSE:EG - Get Free Report) Director William Galtney, Jr. sold 2,500 shares of Everest Group stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $414.29, for a total transaction of $1,035,725.00. Following the transaction, the director directly owned 37,991 shares in the company, valued at approximately $15,739,291.39. This represents a 6.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Everest Group Price Performance
Shares of NYSE EG opened at $421.55 on Wednesday. Everest Group, Ltd. has a twelve month low of $304.55 and a twelve month high of $431.19. The stock's 50 day moving average price is $384.09 and its 200-day moving average price is $356.47. The company has a market capitalization of $15.61 billion, a PE ratio of 8.91, a PEG ratio of 0.57 and a beta of 0.23. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25.
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 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 business's revenue was down 14.0% on a year-over-year basis. During the same period in the prior year, the company earned $7.54 earnings per share. On average, equities analysts anticipate that Everest Group, Ltd. will post 53.10 EPS for the current year.
Everest Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a $2.00 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $8.00 annualized dividend and a yield of 1.9%. Everest Group's payout ratio is currently 16.91%.
Hedge Funds Weigh In On Everest Group
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Everest Group in the second quarter worth $1,150,555,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Everest Group during the 2nd quarter valued at $350,718,000. William Blair Investment Management LLC bought a new position in shares of Everest Group during the 2nd quarter worth $171,426,000. Donald Smith & CO. Inc. bought a new position in shares of Everest Group during the 2nd quarter worth $153,206,000. Finally, Hsbc Holdings PLC grew its stake in shares of Everest Group by 507.4% during the 1st quarter. Hsbc Holdings PLC now owns 449,919 shares of the company's stock worth $147,102,000 after acquiring an additional 375,846 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on EG shares. Cantor Fitzgerald raised their target price on Everest Group from $390.00 to $419.00 and gave the company a "neutral" rating in a research report on Monday, November 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $407.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, November 4th. 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 report on Friday, October 30th. Wells Fargo & Company increased their price target on shares of Everest Group from $396.00 to $428.00 and gave the company an "equal weight" rating in a research report on Monday, November 2nd. Finally, Barclays raised their price objective on shares of Everest Group from $420.00 to $430.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Everest Group presently has a consensus rating of "Hold" and a consensus price target of $426.27.
Check Out Our Latest Stock Report on Everest Group
Everest Group News Summary
Here are the key news stories impacting Everest Group this week:
- Negative Sentiment: Several law firms are publicizing a class action covering investors who bought Everest shares from February 8, 2024, through October 27, 2025. The complaint alleges Everest misled investors about casualty underwriting risks and remediation, including its exposure to certain high-risk business and the transfer of renewal rights on roughly $2 billion in annual premiums to AIG. Investors may seek lead-plaintiff status by December 27 or 28, 2026. The litigation could create reputational and legal uncertainty, though the allegations have not been proven. Class-action notice
- Negative Sentiment: Keefe, Bruyette & Woods lowered its price target to $407 from $450, a potentially bearish signal about near-term valuation. Analyst price-target update
- Negative Sentiment: Director William Galtney, Jr. sold 5,000 shares on November 6 and another 2,500 on November 10, for about $3.1 million in total. He retained 37,991 shares after the later sale; insider selling may weigh on sentiment but does not by itself indicate a change in company outlook. SEC Form 4 filing
About Everest Group
(
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.
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