Everest Group, Ltd. $EG Stock Purchased by M&G PLC

M&G PLC lifted its stake in Everest Group, Ltd. (NYSE:EG) by 2.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 56,917 shares of the company’s stock after buying an additional 1,407 shares during the quarter. M&G PLC’s holdings in Everest Group were worth $20,775,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Everest Group during the second quarter valued at about $1,150,555,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Everest Group in the second quarter worth about $350,718,000. William Blair Investment Management LLC bought a new position in Everest Group in the second quarter worth about $171,426,000. Donald Smith & CO. Inc. bought a new position in Everest Group in the second quarter worth about $153,206,000. Finally, Hsbc Holdings PLC lifted its holdings in Everest Group by 507.4% in the first quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock worth $147,102,000 after buying an additional 375,846 shares during the period. Institutional investors own 92.64% of the company’s stock.

Everest Group Stock Performance

Shares of EG stock opened at $421.55 on Wednesday. Everest Group, Ltd. has a 12 month low of $304.55 and a 12 month high of $431.19. The stock has a market cap of $15.61 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 0.57 and a beta of 0.23. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average price is $384.09 and its 200-day moving average price is $356.47.

Everest Group (NYSE:EG) last released its 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 analysts’ expectations of $3.81 billion. Everest Group had a return on equity of 13.71% and a net margin of 11.70%. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $7.54 earnings per share. On average, equities analysts expect that Everest Group, Ltd. will post 53.10 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a dividend of $2.00 per share. 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 presently 16.91%.

Analysts Set New Price Targets

Several analysts have weighed in on EG shares. Keefe, Bruyette & Woods lifted their price objective on Everest Group from $407.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Morgan Stanley upped their target price on Everest Group from $375.00 to $395.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. Weiss Ratings raised Everest Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Atlantic Securities set a $484.00 target price on Everest Group in a research report on Wednesday, July 15th. Finally, Mizuho lowered their target price on Everest Group from $416.00 to $398.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $426.27.

Key Everest Group News

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

Insider Activity

In other Everest Group news, Director Laura J. Hay sold 144 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $418.78, for a total transaction of $60,304.32. Following the completion of the transaction, the director owned 1,770 shares of the company’s stock, valued at approximately $741,240.60. This trade represents a 7.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William F. Galtney, Jr. sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were 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 of the company’s stock, valued at $15,739,291.39. This represents a 6.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,644 shares of company stock worth $3,158,079 in the last three months. 0.70% of the stock is currently owned by insiders.

Everest Group Company Profile

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.