Zacks Research Forecasts Reduced Earnings for Everest Group

Everest Group, Ltd. (NYSE:EG) – Analysts at Zacks Research cut their Q1 2025 earnings per share (EPS) estimates for Everest Group in a research note issued on Tuesday, April 1st. Zacks Research analyst T. De now forecasts that the company will post earnings of $5.30 per share for the quarter, down from their prior forecast of $9.39. The consensus estimate for Everest Group’s current full-year earnings is $47.93 per share. Zacks Research also issued estimates for Everest Group’s FY2025 earnings at $46.19 EPS, Q1 2026 earnings at $15.36 EPS and Q1 2027 earnings at $16.04 EPS.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%.

EG has been the topic of several other reports. Barclays lifted their target price on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Morgan Stanley reissued an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods lifted their price target on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $416.50.

Everest Group Trading Up 0.0 %

Shares of NYSE EG opened at $365.59 on Thursday. Everest Group has a twelve month low of $327.37 and a twelve month high of $407.30. The stock has a market cap of $15.70 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.24 and a beta of 0.61. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $351.50 and its 200-day moving average is $366.15.

Institutional Trading of Everest Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new position in shares of Everest Group during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. bought a new position in Everest Group during the fourth quarter worth about $31,000. Optiver Holding B.V. acquired a new position in Everest Group during the fourth quarter worth approximately $51,000. Wilmington Savings Fund Society FSB bought a new stake in Everest Group in the third quarter valued at approximately $64,000. Finally, Private Trust Co. NA lifted its position in shares of Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company’s stock valued at $71,000 after buying an additional 64 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the sale, the director now owns 12,279 shares of the company’s stock, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were paid a dividend of $2.00 per share. The ex-dividend date was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.19%. Everest Group’s dividend payout ratio is 25.47%.

Everest Group Company Profile

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.