Is Wall Street Bullish or Bearish on Everest Group Stock?
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Hamilton, Bermuda-based Everest Group, Ltd. (EG), through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. With a market cap of $14.2 billion, Everest operates through the Insurance and Reinsurance segments.
The insurance major has significantly underperformed the broader market over the past year. EG stock prices have plunged 11.5% over the past 52 weeks and 5.3% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 15.2% returns over the past year and 10.2% surge in 2025.
Narrowing the focus, Everest has also underperformed the sector-focused Financial Select Sector SPDR Fund’s (XLF) 20% surge over the past 52 weeks and 11.3% gains on a YTD basis.
Everest Group’s stock prices gained nearly 1% in the trading session following the release of its robust Q2 results on Jul. 30. Driven by solid contributions from underwriting income and net investment income, the company’s annualized operating ROE reached 20%. Meanwhile, its overall topline for the quarter increased 6.2% year-over-year to $4.5 billion, exceeding the Street expectations by 2%. Further, its net operating income (NOI) per share came in at $17.36, up 3% year-over-year, beating the consensus estimates by a staggering 14.7%.
For the full fiscal 2025, ending in December, analysts expect EG to deliver an NOI per share of $45.51, up 52.6% year-over-year. The company has a mixed earnings surprise history. It has surpassed the Street’s NOI estimates twice over the past four quarters, while missing the projections on two other occasions.
The stock has a consensus “Moderate Buy” rating overall. Of the 17 analysts covering the EG stock, opinions include six “Strong Buys,” one “Moderate Buy,” nine “Holds,” and one “Strong Sell.”
This configuration is slightly less optimistic than three months ago, when only five analysts gave “Strong Buy” recommendations.
On Aug. 6, Keefe, Bruyette & Woods analyst Meyer Shields reiterated an “Outperform” rating on EG and raised the price target from $405 to $416.
As of writing, Everest Group’s mean price target of $388 represents a 13% premium to current price levels. Meanwhile, the street-high target of $483 suggests a 40.7% upside potential.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.