Everest Group, Ltd. $EG Stock: Sumitomo Mitsui Trust Group Inc. Trims Holdings

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Everest Group, Ltd. (NYSE:EG) by 11.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,666 shares of the company’s stock after selling 10,334 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Everest Group worth $30,552,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Everest Group during the 2nd quarter valued at $1,150,555,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Everest Group during the 2nd quarter worth $350,718,000. William Blair Investment Management LLC acquired a new position in Everest Group during the 2nd quarter worth $171,426,000. Donald Smith & CO. Inc. acquired a new position in Everest Group during the 2nd quarter worth $153,206,000. Finally, Hsbc Holdings PLC grew its stake in shares of Everest Group by 507.4% in the first quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock worth $147,102,000 after purchasing an additional 375,846 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Everest Group

In related news, Director Laura J. Hay sold 144 shares of Everest Group stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $418.78, for a total transaction of $60,304.32. Following the transaction, the director directly owned 1,770 shares of the company’s stock, valued at $741,240.60. The trade was a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.70% of the stock is currently owned by insiders.

Everest Group Stock Performance

Shares of NYSE EG opened at $417.09 on Friday. The stock has a fifty day moving average price of $381.81 and a two-hundred day moving average price of $355.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.35 and a current ratio of 0.36. The firm has a market cap of $15.45 billion, a P/E ratio of 8.81, a PEG ratio of 0.59 and a beta of 0.23. Everest Group, Ltd. has a 1 year low of $304.55 and a 1 year high of $431.19.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $7.62 EPS for the quarter, missing analysts’ consensus estimates of $9.38 by ($1.76). Everest Group had a return on equity of 13.71% and a net margin of 11.70%. The firm had revenue of $3.71 billion during 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 firm’s quarterly revenue was down 14.0% on a year-over-year basis. Research analysts forecast that Everest Group, Ltd. will post 52.80 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $8.00 annualized dividend and a yield of 1.9%. Everest Group’s dividend payout ratio (DPR) is currently 16.91%.

More Everest Group News

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

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $450 from $407 and maintained an “outperform” rating, signaling confidence in potential upside. Keefe, Bruyette & Woods rating
• Positive Sentiment: Everest declared a quarterly dividend of $2 per share, payable December 18 to shareholders of record December 4. The annualized payout is $8 per share.
• Neutral Sentiment: A director sold 144 shares under a pre-arranged Rule 10b5-1 trading plan. The relatively small sale may be less informative than an unscheduled transaction.
• Negative Sentiment: Several law firms publicized the same securities class action against Everest, alleging investor claims related to shares purchased from February 8, 2024, through October 27, 2025. Investors have until December 28, 2026, to seek lead-plaintiff status. The repeated alerts are not separate lawsuits, but the litigation may create legal costs and reputational uncertainty. Class action announcement

Analyst Ratings Changes

EG has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their price target on Everest Group from $455.00 to $475.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Keefe, Bruyette & Woods increased their target price on shares of Everest Group from $407.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday. Evercore set a $377.00 target price on shares of Everest Group in a research note on Thursday, July 30th. Citigroup raised their target price on shares of Everest Group from $415.00 to $445.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Wells Fargo & Company boosted their price target on shares of Everest Group from $396.00 to $428.00 and gave the stock an “equal weight” rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $426.27.

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.