Everest Group, Ltd. $EG Position Trimmed by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Everest Group, Ltd. (NYSE:EG) by 11.0% during the 3rd quarter, HoldingsChannel reports. 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.’s holdings in Everest Group were worth $30,552,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EG. Bank of America Corp DE acquired a new position in shares of Everest Group in the 2nd quarter worth $108,102,000. William Blair Investment Management LLC acquired a new stake in shares of Everest Group during the second quarter worth $171,426,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Everest Group during the second quarter valued at $9,122,000. Polianta Ltd purchased a new stake in shares of Everest Group during the second quarter valued at $2,000,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Everest Group in the 2nd quarter valued at $5,351,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Activity

In related news, Director Laura J. Hay sold 144 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $418.78, for a total transaction of $60,304.32. Following the completion of the sale, the director directly owned 1,770 shares in the company, valued at approximately $741,240.60. This trade represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.70% of the stock is owned by company insiders.

Everest Group Stock Down 1.0%

NYSE:EG opened at $417.09 on Friday. The firm has a market capitalization of $15.45 billion, a price-to-earnings 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. The company has a current ratio of 0.36, a quick ratio of 0.35 and a debt-to-equity ratio of 0.25. The business’s fifty day moving average price is $381.81 and its 200 day moving average price is $355.07.

Everest Group (NYSE:EG) last announced 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 business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the previous year, the business posted $7.54 earnings per share. The company’s revenue was down 14.0% compared to the same quarter last year. On average, sell-side analysts forecast that Everest Group, Ltd. will post 52.80 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, December 4th. Everest Group’s dividend payout ratio is 16.91%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EG shares. Rosenblatt Securities set a $455.00 price target on Everest Group in a research note on Tuesday, September 22nd. Royal Bank Of Canada upped their price objective on shares of Everest Group from $455.00 to $475.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. Cantor Fitzgerald raised their target price on shares of Everest Group from $390.00 to $419.00 and gave the stock a “neutral” rating in a report on Monday. Mizuho cut their price target on shares of Everest Group from $416.00 to $398.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Finally, UBS Group upped their price target on shares of Everest Group from $395.00 to $423.00 and gave the company a “neutral” rating in a research report on Monday. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Everest Group has an average rating of “Hold” and a consensus target price of $426.27.

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

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.