Valued at a market cap of $14.5 billion, Everest Group, Ltd. (EG) is a global provider of reinsurance and insurance products through its Insurance and Reinsurance segments. The company offers a wide range of property and casualty, specialty, and commercial insurance solutions across the United States, Europe, and other international markets.
Shares of the Hamilton, Bermuda-based company have lagged behind the broader market over the past 52 weeks. EG stock has increased nearly 12% over this time frame, while the broader S&P 500 Index ($SPX) has returned nearly 19%. Moreover, shares of the company are up 12.2% on a YTD basis, compared to SPX’s nearly 13% gain.
Focusing more closely, shares of the reinsurance company have outperformed the State Street Financial Select Sector SPDR ETF’s (XLF) 8% rise over the past 52 weeks.
Everest Group shares fell 4.7% following its Q2 2026 results on Jul. 29 as investors focused on the 11.8% decline in operating revenue to $3.96 billion and operating earnings of $14.85 per share fell 14.5% year-over-year. Core underwriting remained under pressure, with underwriting income down 29.2% to $317 million and the combined ratio worsening 300 basis points to 90%, reflecting higher catastrophe losses and underwriting expenses. Sentiment was further weighed by a 19.4% drop in gross written premiums to $3.77 billion, a 12.6% decline in net premiums earned, and net investment income falling 1.7% to $523 million as alternative investment returns weakened.
For the fiscal year ending in December 2026, analysts expect Everest Group’s EPS to grow 19.6% year-over-year to $53.28. The company’s earnings surprise history is mixed. It beat the consensus estimates in two of the last four quarters while missing on two other occasions.
Among the 19 analysts covering the stock, the consensus rating is a “Moderate Buy.” That’s based on four “Strong Buy” ratings, two “Moderate Buys,” 12 “Holds,” and one “Strong Sell.”
This configuration has remained unchanged over the past three months.
On Aug. 19, TD Cowen raised Everest Group’s price target to $385 while maintaining a “Hold” rating.
The mean price target of $403.53 represents a 6.5% premium to EG’s current price levels. The Street-high price target of $480 suggests a 26.6% potential upside.
On the date of publication, Sohini Mondal 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.