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Hamilton, Bermuda-based Everest Group, Ltd. (EG) provides reinsurance and insurance products in the United States, Europe, and internationally. With a market cap of $14.3 billion, the company operates through Insurance and Reinsurance segments.
EG has significantly underperformed the broader market over the past year and in 2025. EG stock prices have declined 12.3% over the past 52 weeks and 5.2% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 11.6% gains over the past year and a marginal uptick in 2025.
Narrowing the focus, EG has also lagged behind the Invesco KBW Property & Casualty Insurance ETF’s (KBWP) 17.5% growth over the past 52 weeks and its 6.8% rise in 2025.
EG stock declined 6% in the trading session following the release of its underwhelming Q1 earnings on Apr. 30. The company's financials were significantly impacted due to a decline in gross premium collection in both of its segments and a negative impact due to the California wildfires. Its total revenues increased 3.1% year-over-year to $4.3 billion and fell short of the Street’s estimates. Its net cash provided by operating activities also declined 15.8% to $928 million. Moreover, the company’s adjusted net income tanked 61.1% from the previous year’s quarter to $276 million. EG’s adjusted EPS for the quarter also declined 60.5% year-over-year to $6.45 and failed to meet the consensus estimates by 13.5%.
For the current fiscal year, ending in December, analysts expect EG to report a 53.2% year-over-year increase in adjusted EPS to $45.71. However, EG has a disappointing earnings surprise history. It has successfully beaten the Street’s bottom-line estimates in only one of the past four quarters, while missing on three occasions.
Among the 13 analysts covering the stock, the consensus rating is a “Moderate Buy.” That’s based on five “Strong Buy” ratings, one “Moderate Buy,” six “Holds,” and one “Strong Sell.”
The configuration is slightly more bullish than two months ago, when only four analysts gave “Strong Buy” recommendations.
On May 19, Morgan Stanley (MS) analyst Bob Huang maintained an "Equal-Weight" rating on Everest Group stock and raised its price target from $330 to $350.
As of writing, EG’s mean price target of $391.75 indicates a premium of 14% from the current market prices. Whereas, its Street-high target of $489 indicates an impressive 42.3% upside potential.
