Everest Group (NYSE:EG) Given New $395.00 Price Target at Morgan Stanley

Everest Group (NYSE:EG) had its price objective lifted by equities research analysts at Morgan Stanley from $375.00 to $395.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley‘s price objective would indicate a potential downside of 3.84% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Evercore set a $377.00 price objective on shares of Everest Group in a research report on Thursday, July 30th. Barclays lifted their price target on shares of Everest Group from $420.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Cantor Fitzgerald increased their price objective on shares of Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Atlantic Securities set a $484.00 price objective on shares of Everest Group in a research note on Wednesday, July 15th. Finally, Mizuho dropped their target price on Everest Group from $416.00 to $398.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $411.38.

Everest Group Price Performance

Shares of NYSE:EG traded up $10.18 on Friday, reaching $410.77. The company’s stock had a trading volume of 362,784 shares, compared to its average volume of 377,481. The company has a 50-day simple moving average of $377.67 and a 200 day simple moving average of $352.75. Everest Group has a 52-week low of $304.55 and a 52-week high of $412.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market cap of $15.75 billion, a P/E ratio of 8.68, a PEG ratio of 0.57 and a beta of 0.26.

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 the consensus estimate of $9.38 by ($1.76). Everest Group had a net margin of 11.70% and a return on equity of 13.46%. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the firm posted $7.54 EPS. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Everest Group will post 53.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Everest Group

Several large investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Everest Group by 0.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,061 shares of the company’s stock valued at $1,848,000 after purchasing an additional 26 shares during the period. Parcion Private Wealth LLC increased its holdings in Everest Group by 5.5% during the 3rd quarter. Parcion Private Wealth LLC now owns 591 shares of the company’s stock worth $216,000 after purchasing an additional 31 shares during the period. CX Institutional increased its holdings in Everest Group by 5.7% during the 3rd quarter. CX Institutional now owns 596 shares of the company’s stock worth $218,000 after purchasing an additional 32 shares during the period. Baird Financial Group Inc. increased its holdings in Everest Group by 2.6% during the 2nd quarter. Baird Financial Group Inc. now owns 1,317 shares of the company’s stock worth $470,000 after purchasing an additional 33 shares during the period. Finally, MBA Advisors LLC raised its position in Everest Group by 5.4% during the 2nd quarter. MBA Advisors LLC now owns 666 shares of the company’s stock valued at $238,000 after purchasing an additional 34 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

More Everest Group News

Here are the key news stories impacting Everest Group this week:

• Positive Sentiment: RBC raised its price target to $475 from $455 and maintained an “outperform” rating, implying further upside and signaling confidence in Everest’s earnings recovery and valuation. Royal Bank of Canada price target article
• Positive Sentiment: Everest agreed to sell its Chilean insurance operations to AIG. The transaction could simplify the company’s international portfolio and allow management to focus capital on higher-priority markets, though financial terms were not provided. Everest Chile operations sale article
• Neutral Sentiment: Management’s earnings-call commentary emphasized underwriting discipline, growth initiatives and a transition period as Everest strengthens reserves and adjusts its business mix. Record investment income provided some support, but investors are likely to watch whether underwriting profitability improves. Everest earnings call highlights
• Negative Sentiment: Third-quarter earnings missed expectations: adjusted EPS was $7.62 versus the $9.38 consensus, while revenue of $3.71 billion trailed estimates of $3.81 billion and declined 14% year over year. Higher catastrophe losses and adverse reserve development pressured underwriting results. Everest third-quarter earnings article
• Negative Sentiment: Multiple law firms publicized a securities class action alleging Everest misrepresented its management of risks tied to its U.S. casualty expansion. The lead-plaintiff deadline is December 28, 2026, creating potential litigation costs and reputational risk. Everest securities fraud lawsuit article

About Everest Group

Everest Group, Ltd. is a global insurance and reinsurance company that provides property and casualty coverage to businesses, institutions, and other insurers. Its operations focus on assuming and managing risks through reinsurance, as well as offering insurance products in selected specialty and commercial markets.

The company’s reinsurance business supports insurers across lines such as property, casualty, specialty, and other risks. Through its insurance platform, Everest provides coverage for commercial customers and specialty exposures, including property, casualty, professional liability, and other products that may vary by market.