Everest Group (NYSE:EG) Price Target Raised to $450.00

Everest Group (NYSE:EG) had its price objective hoisted by Keefe, Bruyette & Woods from $407.00 to $450.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods‘s price target indicates a potential upside of 9.48% from the company’s previous close.

EG has been the topic of a number of other research reports. Evercore set a $377.00 price objective on Everest Group in a report on Thursday, July 30th. Morgan Stanley lifted their target price on Everest Group from $375.00 to $395.00 and gave the company an “equal weight” rating in a report on Friday, October 30th. Citigroup upped their price target on Everest Group from $415.00 to $445.00 and gave the company a “neutral” rating in a research report on Monday. UBS Group increased their price target on shares of Everest Group from $395.00 to $423.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Barclays raised their price objective on shares of Everest Group from $420.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Everest Group has a consensus rating of “Hold” and an average target price of $426.27.

Everest Group Trading Down 1.6%

NYSE:EG opened at $411.04 on Wednesday. The company has a market cap of $15.22 billion, a P/E ratio of 8.69, a P/E/G ratio of 0.58 and a beta of 0.23. The stock’s fifty day moving average price is $380.17 and its two-hundred day moving average price is $354.08. Everest Group has a 1 year low of $304.55 and a 1 year high of $421.52. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.35.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $7.62 EPS for the quarter, missing analysts’ consensus estimates of $9.38 by ($1.76). The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.81 billion. Everest Group had a return on equity of 13.71% and a net margin of 11.70%. Everest Group’s revenue was down 14.0% on a year-over-year basis. During the same period in the previous year, the business earned $7.54 earnings per share. As a group, analysts expect that Everest Group will post 53.28 EPS for the current year.

Institutional Trading of Everest Group

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Everest Group during the 2nd quarter worth approximately $1,150,555,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Everest Group in the second quarter valued at approximately $350,718,000. William Blair Investment Management LLC bought a new stake in Everest Group in the second quarter valued at approximately $171,426,000. Donald Smith & CO. Inc. bought a new stake in Everest Group in the second quarter valued at approximately $153,206,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Everest Group by 507.4% during the first quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock valued at $147,102,000 after purchasing an additional 375,846 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

More Everest Group News

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

• Positive Sentiment: Analysts have lifted their price targets: Wells Fargo raised its target to $428 and Cantor Fitzgerald to $419, both retaining neutral or equal-weight views; UBS raised its target to $423 with a neutral rating. The revisions suggest modest potential upside, though the ratings are not bullish. Cantor Fitzgerald target update Wells Fargo target update
• Neutral Sentiment: Several law firms publicized the same securities class action against Everest. Investors who purchased shares from February 8, 2024, through October 27, 2025, may seek lead-plaintiff status by December 28, 2026; the filings allege the company and executives made false or misleading statements. The notices do not establish that the allegations are true. Class action notice
• Negative Sentiment: The securities litigation could weigh on sentiment because it raises potential legal costs and uncertainty for Everest. The case was filed in federal court and alleges violations of securities laws. Securities lawsuit announcement

Everest Group Company Profile

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.