Analysts Set Expectations for Everest Group FY2027 Earnings

Everest Group, Ltd. (NYSE:EG) – Zacks Research issued their FY2027 EPS estimates for shares of Everest Group in a report released on Monday, February 17th. Zacks Research analyst T. De forecasts that the company will post earnings per share of $73.92 for the year. The consensus estimate for Everest Group’s current full-year earnings is $53.15 per share.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Wells Fargo & Company decreased their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Barclays lifted their price objective on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $416.50.

Everest Group Price Performance

Everest Group stock opened at $336.23 on Wednesday. The stock has a market cap of $14.45 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 0.22 and a beta of 0.65. The company has a fifty day simple moving average of $354.32 and a 200-day simple moving average of $370.93. Everest Group has a 12-month low of $327.37 and a 12-month high of $407.30. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new stake in shares of Everest Group in the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Everest Group in the fourth quarter valued at about $31,000. Eastern Bank purchased a new stake in shares of Everest Group in the third quarter valued at about $35,000. Brooklyn Investment Group purchased a new stake in Everest Group during the third quarter worth about $39,000. Finally, Optiver Holding B.V. purchased a new stake in Everest Group during the fourth quarter worth about $51,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

About Everest Group

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.