Te Ahumairangi Investment Management Ltd Makes New $19.59 Million Investment in Everest Group, Ltd. $EG

Te Ahumairangi Investment Management Ltd purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the second quarter, HoldingsChannel.com reports. The fund purchased 54,839 shares of the company’s stock, valued at approximately $19,590,000. Everest Group comprises about 3.2% of Te Ahumairangi Investment Management Ltd’s holdings, making the stock its 5th biggest holding.

A number of other large investors have also recently made changes to their positions in EG. Algebris UK Ltd. purchased a new position in shares of Everest Group in the 4th quarter worth $23,460,000. Northwestern Mutual Wealth Management Co. increased its position in Everest Group by 12,322.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after acquiring an additional 515,063 shares during the last quarter. Bank of America Corp DE lifted its holdings in Everest Group by 7.7% in the first quarter. Bank of America Corp DE now owns 233,326 shares of the company’s stock valued at $76,263,000 after acquiring an additional 16,701 shares during the period. National Pension Service boosted its position in Everest Group by 13.2% in the fourth quarter. National Pension Service now owns 44,113 shares of the company’s stock worth $14,970,000 after purchasing an additional 5,157 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its position in Everest Group by 898.0% in the first quarter. Elevation Point Wealth Partners LLC now owns 9,022 shares of the company’s stock worth $2,949,000 after purchasing an additional 8,118 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EG shares. TD Cowen upped their price target on shares of Everest Group from $365.00 to $385.00 and gave the company a “hold” rating in a research report on Wednesday. Cantor Fitzgerald boosted their target price on shares of Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Wells Fargo & Company upped their target price on shares of Everest Group from $373.00 to $396.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Barclays increased their price target on shares of Everest Group from $420.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Citigroup boosted their price objective on shares of Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Everest Group has a consensus rating of “Hold” and a consensus target price of $395.27.

Everest Group Stock Up 0.0%

EG opened at $370.18 on Monday. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $401.07. 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 stock has a market cap of $14.19 billion, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 0.73 and a beta of 0.29. The firm’s fifty day moving average is $366.34 and its 200 day moving average is $346.91.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, beating analysts’ consensus estimates of $14.52 by $0.33. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the firm earned $16.10 earnings per share. The business’s quarterly revenue was down 11.8% on a year-over-year basis. On average, sell-side analysts forecast that Everest Group, Ltd. will post 52.91 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a yield of 2.2%. Everest Group’s payout ratio is currently 16.92%.

Key Stories Impacting Everest Group

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

• Positive Sentiment: Upward earnings revisions: Zacks Research raised its FY2026 EPS forecast to $53.10 from $52.49, FY2027 to $59.23 from $58.45, and FY2028 to $66.63 from $65.28. It also increased estimates for Q4 2026, Q1 and Q2 2027, Q3 2027, and Q1 and Q2 2028. The revisions suggest improving expectations for Everest Group’s underwriting and investment results.
• Positive Sentiment: Forecast remains above consensus: Zacks’ $53.10 FY2026 estimate is modestly higher than the current analyst consensus of $52.83, providing a favorable earnings-expectations catalyst.
• Neutral Sentiment: TD Cowen maintained its Hold rating: The unchanged stance indicates the analyst sees limited immediate reason to change the investment case, even as earnings forecasts improve. TD Cowen Sticks to Their Hold Rating for Everest Group
• Negative Sentiment: One near-term forecast was cut: Zacks reduced its Q3 2026 EPS estimate to $8.88 from $9.03, signaling some expected earnings pressure in the upcoming quarter.

About Everest Group

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.