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5 stories mentioning EG

Every FINWIRES story that references EG, newest first.

Research

Research Alert: CFRA Keeps Hold Opinion On Shares Of Everest Group, Ltd.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $15 to $365, valuing EG shares at 7x our 2026 operating EPS estimate of $53.16 (cut today by $0.99) and at 6x our 2027 EPs estimate of $60.65, versus the one-year average forward multiple of 6x and a peer average of 8.6x. We acknowledge EG's discounted valuation to peers, reflecting its restructuring. To that end, we expect revenues in 2026 to be flat to down 5%. Q1 operating EPS of $16.08 versus $6.45 a year ago topped our $15.27 estimate and the $13.96 consensus view. Operating revenues declined 4.4% on a 7.2% drop in earned premiums and 15% rise in investment income, while the combined ratio improved dramatically to 91.2% from 102.7%. We applaud EG's restructuring, including the sale of renewal rights to its retail commercial insurance business to focus on its core reinsurance operations. EG expects pre-tax charges of $250M-$350M over 2025-2026. We are concerned becoming a pure-play reinsurer may not expand valuation multiples given EG's mixed underwriting track record.

$EG
Research

Research Alert: Eg Posts Mixed Q1 Results Amid Restructuring

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:EG reported Q1 operating EPS of $16.08 versus $6.45 a year ago, exceeding our $15.27 estimate and the $13.96 consensus view. Operating revenues declined 4.4% on a 7.2% drop in earned premiums and 15% rise in investment income, while the combined ratio improved dramatically to 91.2% from 102.7%. We applaud EG's strategic restructuring, including the sale of renewal rights to its retail commercial insurance business to focus on its core reinsurance operations, which account for over 75% of its premium base. EG expects pretax charges of $250-350M over 2025-2026 and has entered an adverse development cover transaction covering $5.4B of liability reserves. However, we remain concerned that becoming a pure-play reinsurer may not expand valuation multiples given EG's mixed underwriting track record. We see execution risk in this strategy, particularly amid a softening reinsurance pricing environment. Despite the Q1 EPS beat, we remain cautious at this juncture.

$EG
Wire

Autonomous Research Adjusts Everest PT to $339 From $333, Maintains Underperform Rating

Everest Group (EG) has an average rating of Hold and mean price target of $367.94, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $349.35, Change: $+4.94, Percent Change: +1.43%

$EG
Wire

BofA Securities Adjusts Everest Group Price Target to $454 From $430, Maintains Buy Rating

Everest Group (EG) has an average rating of hold and mean price target of $361.19, according to analysts polled by FactSet.Price: $335.73, Change: $+2.30, Percent Change: +0.69%

$EG
Wire

Mizuho Adjusts Price Target on Everest Group to $365 From $360, Maintains Neutral Rating

Everest Group (EG) has an average rating of hold and mean price target of $361.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $328.73, Change: $-1.14, Percent Change: -0.35%

$EG