Zacks Research Comments on Everest Group FY2027 Earnings

Everest Group, Ltd. (NYSE:EG) – Analysts at Zacks Research issued their FY2027 earnings per share (EPS) estimates for Everest Group in a research note issued to investors on Monday, February 17th. Zacks Research analyst T. De expects that the company will earn $73.92 per share for the year. The consensus estimate for Everest Group’s current full-year earnings is $53.15 per share.

Several other analysts have also recently issued reports on the company. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Barclays increased their price target on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Morgan Stanley reissued an “equal weight” rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods increased their price target on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $416.50.

Everest Group Stock Performance

NYSE:EG opened at $337.83 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group has a 12-month low of $327.37 and a 12-month high of $407.30. The stock has a 50-day moving average price of $354.83 and a 200 day moving average price of $371.18. The stock has a market capitalization of $14.52 billion, a P/E ratio of 10.76, a P/E/G ratio of 0.22 and a beta of 0.65.

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

Institutional Investors Weigh In On Everest Group

Several institutional investors have recently modified their holdings of the stock. Dakota Wealth Management lifted its stake in shares of Everest Group by 1.7% during the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock worth $705,000 after acquiring an additional 32 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of Everest Group by 19.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock worth $71,000 after acquiring an additional 32 shares during the last quarter. Steph & Co. lifted its stake in shares of Everest Group by 10.6% during the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock worth $133,000 after acquiring an additional 35 shares during the last quarter. Lester Murray Antman dba SimplyRich lifted its stake in shares of Everest Group by 2.7% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock worth $481,000 after acquiring an additional 35 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in shares of Everest Group by 0.7% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 5,315 shares of the company’s stock worth $1,913,000 after acquiring an additional 36 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

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.