Everest Group (NYSE:EG) Director William Galtney Jr Sells 5,000 Shares of Company Stock

Everest Group, Ltd. (NYSE:EG) Director William Galtney, Jr. sold 5,000 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $412.41, for a total transaction of $2,062,050.00. Following the completion of the sale, the director owned 40,491 shares in the company, valued at approximately $16,698,893.31. This trade represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Everest Group Price Performance

Shares of NYSE EG traded up $1.34 during mid-day trading on Monday, hitting $412.45. 337,304 shares of the company’s stock traded hands, compared to its average volume of 381,613. The company’s 50-day moving average is $382.48 and its two-hundred day moving average is $355.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market capitalization of $15.28 billion, a P/E ratio of 8.72, a PEG ratio of 0.57 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 released its quarterly earnings results on Wednesday, October 28th. The company reported $7.62 EPS for the quarter, missing the consensus estimate of $9.38 by ($1.76). Everest Group had a return on equity of 13.71% and a net margin of 11.70%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the prior year, the business posted $7.54 EPS. The company’s revenue was down 14.0% on a year-over-year basis. On average, equities analysts anticipate that Everest Group, Ltd. will post 53.43 EPS for the current fiscal year.

Everest Group Announces Dividend

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

Institutional Trading of Everest Group

Several institutional investors have recently added to or reduced their stakes in EG. Trifecta Capital Advisors LLC purchased a new position in shares of Everest Group in the 2nd quarter worth approximately $29,000. Provenance Wealth Advisors LLC raised its stake in shares of Everest Group by 1,283.3% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 83 shares of the company’s stock worth $30,000 after acquiring an additional 77 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of Everest Group by 506.2% during the 3rd quarter. Harbour Investments Inc. now owns 194 shares of the company’s stock worth $71,000 after acquiring an additional 162 shares in the last quarter. USA Financial Formulas purchased a new stake in Everest Group during the third quarter valued at approximately $77,000. Finally, Fortitude Family Office LLC lifted its position in Everest Group by 718.5% during the third quarter. Fortitude Family Office LLC now owns 221 shares of the company’s stock valued at $81,000 after acquiring an additional 194 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Trending Headlines about Everest Group

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

• Negative Sentiment: The suit alleges Everest misled investors about underwriting remediation in its casualty business, including exposure to guaranteed-cost programs, large auto fleets, and underpriced accounts. It claims a cleanup culminated in transferring renewal rights tied to about $2 billion in annual premiums to AIG. These are allegations, not established findings; the litigation creates legal and reputational uncertainty. The lead-plaintiff deadline is reported as December 28, 2026, in most notices, with one notice citing December 27. Article: Levi & Korsinsky reminds Everest investors of lawsuit
• Negative Sentiment: One law-firm notice referenced an 11.4% share-price drop associated with the allegations, underscoring potential investor concern; the notices themselves do not establish the lawsuit’s merits. Article: Securities class-action notice and reported stock decline

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EG shares. Keefe, Bruyette & Woods boosted their target price on Everest Group from $407.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Atlantic Securities set a $484.00 price target on Everest Group in a research report on Wednesday, July 15th. TD Cowen raised their price target on Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a research report on Wednesday, August 19th. Barclays lifted their price objective on shares of Everest Group from $420.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, Rosenblatt Securities set a $455.00 price objective on shares of Everest Group in a research report on Tuesday, September 22nd. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $426.27.

Everest Group Company Profile

Everest Group, Ltd. (NYSE: EG) is a global insurance and reinsurance company headquartered in Bermuda. It provides property and casualty coverage to businesses, organizations and other insurers, helping clients manage risks ranging from routine exposures to complex and specialty risks.

The company offers reinsurance through treaty and facultative arrangements, as well as primary insurance across a range of commercial and specialty lines. Its operations serve clients in the United States and international markets, including Europe, Canada, Latin America and Asia-Pacific.

Everest’s roots trace to the establishment of Everest Reinsurance Company in 1973.