Everest Group (NYSE:EG) Given New $475.00 Price Target at Royal Bank Of Canada

Everest Group (NYSE:EG) had its target price boosted by research analysts at Royal Bank Of Canada from $455.00 to $475.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price would indicate a potential upside of 16.21% from the company’s previous close.

Several other equities analysts have also recently weighed in on EG. Barclays raised their price objective on Everest Group from $420.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods reduced their price target on Everest Group from $414.00 to $407.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Cantor Fitzgerald raised their price target on Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. UBS Group raised their price target on Everest Group from $374.00 to $395.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Morgan Stanley upped their price objective on Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $409.19.

Everest Group Stock Up 2.0%

EG traded up $8.16 during trading hours on Friday, hitting $408.75. 227,352 shares of the company’s stock were exchanged, compared to its average volume of 376,930. The stock has a market cap of $15.67 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.57 and a beta of 0.26. Everest Group has a 1-year low of $304.55 and a 1-year high of $411.21. The stock’s 50-day moving average is $377.67 and its two-hundred day moving average is $352.75. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $7.62 earnings per share (EPS) 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 business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the previous year, the firm posted $7.54 earnings per share. The firm’s quarterly revenue was down 14.0% on a year-over-year basis. Sell-side analysts predict that Everest Group will post 53.72 earnings per share for the current fiscal year.

Institutional Trading of Everest Group

Hedge funds have recently modified their holdings of the stock. MBA Advisors LLC lifted its position in Everest Group by 25.1% during the third quarter. MBA Advisors LLC now owns 833 shares of the company’s stock worth $304,000 after acquiring an additional 167 shares during the last quarter. One Way Holdings LLC acquired a new position in shares of Everest Group in the third quarter valued at about $7,732,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Everest Group during the third quarter worth approximately $3,391,000. Aviance Capital Partners LLC lifted its position in shares of Everest Group by 2.6% during the 3rd quarter. Aviance Capital Partners LLC now owns 6,061 shares of the company’s stock valued at $2,213,000 after acquiring an additional 156 shares during the period. Finally, Vise Technologies Inc. raised its stake in Everest Group by 166.7% in the third quarter. Vise Technologies Inc. now owns 4,139 shares of the company’s stock valued at $1,512,000 after purchasing an additional 2,587 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group News Summary

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

• Positive Sentiment: Management emphasized underwriting discipline, portfolio repositioning and long-term growth during the Q3 earnings call. Record investment income also helped offset pressure on underwriting results, potentially supporting investor confidence in Everest’s recovery strategy. Everest Group Earnings Call Highlights Discipline And Growth
• Positive Sentiment: The quarter’s reserve strengthening and corrective underwriting actions may reduce future risk in Everest’s casualty business. Investors may view the steps as evidence that management is addressing prior loss trends, even though they weigh on near-term earnings. EG Q3 deep dive: reserve strengthening and underwriting discipline mark Everest’s transition phase
• Neutral Sentiment: Several law firms announced or promoted a securities class action involving Everest and certain executives. The lawsuit covers investors who purchased shares from February 8, 2024, through October 27, 2025, with a December 28, 2026 deadline for investors seeking lead-plaintiff status. The announcements do not establish wrongdoing, but could create legal costs and reputational concerns. Everest Group Class Action Notice
• Negative Sentiment: Everest reported third-quarter EPS of $7.62, below the $9.38 consensus estimate, while revenue of $3.71 billion also missed expectations of $3.81 billion and declined 14% year over year. Catastrophe losses and unfavorable reserve development hurt underwriting profitability, raising concerns about claims severity and the pace of earnings improvement. Everest Group Q3 Earnings Miss Estimates on Higher Catastrophe Losses

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.