Everest Group, Ltd. (EG) is a global insurance and reinsurance company headquartered in Bermuda, with a 50-year track record in property and casualty markets. Valued at $13.3 billion by market cap, the company provides property, casualty, and specialty insurance and reinsurance solutions to clients across the U.S., Bermuda, and international markets.
The insurance giant is expected to announce its fiscal third-quarter earnings for 2026 after the markets close on Wednesday, Oct. 28. Ahead of the event, analysts expect EG to report a profit of $9.49 per share on a diluted basis, up 25.9% from $7.54 per share in the year-ago quarter. The company missed the consensus estimates in two of the last four quarters while surpassing the forecast on two other occasions.
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For the current year, analysts expect EG to report EPS of $53.82, up 20.8% from $44.54 in fiscal 2025. Its EPS is expected to rise 10.4% year over year to $59.41 in fiscal 2027.
www.barchart.comEG stock has underperformed the S&P 500 Index’s ($SPX) 16% gains over the past 52 weeks, with shares up 1.5% during this period. However, it has surpassed the State Street Financial Select Sector SPDR ETF’s (XLF) marginal returns over the same time frame.
www.barchart.comEG shares climbed 1% on Oct. 1, after the company announced the completion of the sale of its Canadian retail insurance operations, Everest Canada, to The Wawanesa Mutual Insurance Company after receiving regulatory approvals. The deal marks another step in Everest’s strategic repositioning, allowing it to focus capital and resources on its core Reinsurance and Global Wholesale and Specialty Insurance businesses as it exits Commercial Retail Insurance.
Analysts’ consensus opinion on EG stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 20 analysts covering the stock, five advise a “Strong Buy” rating, three suggest a “Moderate Buy,” and 12 give a “Hold.” EG’s average analyst price target is $409.94, indicating a potential upside of 11.7% from the current levels.
On the date of publication, Kritika Sarmah 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.
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