Jacobs Levy Equity Management Adds $3M in Everest Group, Ltd. ($EG)
The fund added 8,041 shares to its Everest Group holdings, a 3.6% increase.
Key Points
- Jacobs Levy Equity Management boosted its stake in Everest Group by 3.6%, adding 8,041 shares for a total of 230,540 shares valued at $78.2 million.
- Everest Group has a market cap of $13.4 billion, a P/E ratio of 6.91, and a 52-week range of $302.44 to $368.29.
- Insider Elias Habayeb, EVP & CFO, bought 21,098 shares at $350.77 on May 12, while analysts maintain a buy consensus with a mean target price of $388.27.
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Jacobs Levy Equity Management recently boosted its holdings in Everest Group, Ltd. (NYSE:EG). The fund increased its stake by 3.6%, adding 8,041 shares to bring its total to 230,540 shares. As of the latest filing, these shares are valued at approximately $78.2 million. This information comes from Jacobs Levy's Form 13F filing with the SEC for the reporting period.
Jacobs Levy Equity Management vs. the S&P 500
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What Changed in Jacobs Levy Equity Management's Everest Group Position
Jacobs Levy Equity Management's recent move saw it increase its position in Everest Group by 3.6%. The fund added 8,041 shares, raising its total holdings to 230,540 shares. The value of this position is approximately $78.2 million, based on the company's recent market price.
Other Institutional Activity in Everest Group
Among other institutional investors, BlackRock, Inc. reduced its holdings in Everest Group by 57,718 shares, ending with 3,297,585 shares valued at about $1.08 billion, representing a 1.7% decrease. Meanwhile, Vanguard Capital Management LLC opened a new position with 2,633,722 shares worth approximately $860.8 million. Similarly, Vanguard Portfolio Management LLC also initiated a new stake, holding 2,168,090 shares valued at $708.6 million. State Street Corp decreased its position by 56,378 shares, holding 1,850,314 shares worth around $604.8 million, a 3.0% reduction. AQR Capital Management LLC trimmed 300,192 shares, leaving it with 1,365,895 shares valued at $444.6 million, marking an 18.0% decrease.
Everest Group, Ltd. Stock Down 5.4%
Shares of Everest Group (NYSE:EG) traded near $339.30 on Tuesday. The company boasts a market cap of approximately $13.4 billion and a P/E ratio of 6.91, with a forward P/E of 5.60. Its beta is 0.305, indicating lower volatility compared to the market. The stock's 52-week range is between $302.44 and $368.29. It has a 50-day moving average of $342.88 and a 200-day moving average of $334.15. The company's current ratio is 0.382, quick ratio is 0.24, and debt-to-equity ratio stands at 23.471.
$EG stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Everest Group reported revenues of approximately $17.34 billion, though it experienced a slight revenue decline of 4.7%. The company achieved a net margin of 11.7% and a return on equity of 13.8%. Its earnings per share stood at $49.10. The next earnings release is scheduled for July 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
7 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 11.7%. Revenue missed estimates by 0.9%.
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Profit surprise
Operating income beat by 14 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
7 target raises.
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Earnings quality
Gross margin up 33.2 points. Operating margin up 12.2 points.
Earnings Call Summary
Everest reported a strong first quarter with underwriting income of $316 million and net investment income of $567 million, producing operating earnings per share of $16.08. The treaty reinsurance segment delivered excellent results with an 87.2 percent combined ratio. The company completed a strategic pivot away from casualty reinsurance and U.S. retail insurance, reducing casualty premium by over $1.2 billion over two years while rotating toward short-tail and specialty lines. They raised the quarterly share repurchase floor to $300 million, reflecting confidence that the stock does not reflect the company's true value.
Guidance Management did not provide formal earnings or revenue guidance. They stated they will prioritize profitability and shareholder returns over top line growth. For the April 1 renewal, property catastrophe rates fell 13 percent globally but terms and conditions held. For the June 1 Florida renewal, they expect rates to come down in the mid-teens range but maintained strong pricing discipline.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
Everest Group offers an annual dividend rate of $8.00, yielding 2.38%. The dividend payout ratio is 16.29%.
Insider Buying and Selling at Everest Group, Ltd.
On May 12, Elias Habayeb, EVP & CFO, purchased 21,098 shares at an average price of $350.77. On May 7, Jason Keen, EVP & CEO of GW & S Division, sold 775 shares at $351.84. Earlier, on April 1, insiders John Howard, Allan Levine, Meryl Hartzband, and Alan Darryl Page each bought 96 shares at $325.28.
Analysts Set New Price Targets
On May 21, Morgan Stanley maintained its hold rating on Everest Group with a price target of $355. BMO Capital and Citigroup also kept hold ratings, with targets of $376 and $395 respectively. Keefe, Bruyette & Woods maintained a buy rating with a $411 target on May 6. The consensus from 15 analysts is a buy recommendation, with a mean target price of $388.27.
About Everest Group, Ltd.
Everest Group, Ltd. is a global provider of reinsurance and insurance products, operating through its Insurance and Reinsurance segments. The company offers a wide range of products including property and casualty reinsurance, specialty lines, and commercial insurance. Headquartered in Hamilton, Bermuda, Everest Group was founded in 1973 and is led by CEO James Allan Williamson. It employs over 3,000 people worldwide.
Bottom Line
Jacobs Levy Equity Management's recent increase in Everest Group shares reflects a continued interest in the company, which remains a significant player in the insurance and reinsurance sector. Investors keep an eye on such filings to gauge institutional sentiment, though it's important to remember that these 13F filings are backward-looking and may not represent current positions.
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