Voloridge Investment Management Adds $19M in Everest Group, Ltd. ($EG)
Voloridge increased its position in Everest Group by nearly 40%, now holding 185,699 shares.
Key Points
- Voloridge Investment Management increased its stake in Everest Group by 39.99%, adding 53,051 shares to bring its total to 185,699 shares, valued at about $66 million.
- On Saturday, Everest Group's stock traded near $355.52, with a market cap of $14.07 billion and a P/E ratio of 7.24.
- Insiders at Everest Group were active with EVP & CFO Elias Habayeb purchasing 21,098 shares, while multiple analysts maintained their ratings, setting price targets as high as $454.
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Voloridge Investment Management has significantly increased its holdings in Everest Group, Ltd. (NYSE:EG), according to its latest 13F filing with the SEC. The fund boosted its position by 39.99%, adding 53,051 shares during the reporting period. This brings its total ownership to 185,699 shares, valued at approximately $66 million as of the filing date.
Voloridge Investment Management vs. the S&P 500
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What Changed in Voloridge's Everest Group Position
Voloridge Investment Management increased its stake in Everest Group from 132,648 shares to 185,699 shares, reflecting a 39.99% increase. The additional shares are valued at about $66 million, indicating a strong confidence in the company's prospects.
Other Institutional Activity in Everest Group
Several other institutional investors also made notable moves in Everest Group. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, accumulating 2,633,722 and 2,168,090 shares respectively. BlackRock, Inc. trimmed its holdings by 57,718 shares, bringing its total to 3,297,585 shares worth about $1.08 billion. State Street Corp reduced its stake by 56,378 shares, ending with 1,850,314 shares valued at approximately $604.8 million. Meanwhile, AQR Capital Management LLC cut its position by 300,192 shares, leaving it with 1,365,895 shares valued at $444.6 million.
Everest Group, Ltd. Stock Down 5.4%
On Saturday, shares of Everest Group (NYSE:EG) traded near $355.52. The company boasts a market cap of $14.07 billion and a P/E ratio of 7.24, indicating a potential value play in the insurance reinsurance sector. The stock's 52-week range spans from $302.44 to $368.29, with a 50-day moving average of $343.71 and a 200-day moving average of $334.22.
$EG stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Everest Group reported revenue of $17.34 billion, though it experienced a slight revenue decline of 4.7%. The company achieved a net margin of 11.73% and a return on equity of 13.82%. Its next earnings report 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
The company offers an annual dividend rate of $8.00, yielding 2.25%. The dividend payout ratio stands at 16.29%, reflecting a conservative approach to shareholder returns.
Insider Buying and Selling at Everest Group, Ltd.
Insider activity at Everest Group has been notable. EVP & CFO Elias Habayeb purchased 21,098 shares at an average price of $350.77 on May 12, 2026. Meanwhile, EVP & CEO of GW & S Division Jason Keen sold 775 shares at $351.84 on May 7, 2026. Additionally, several insiders, including John Howard, Allan Levine, Meryl Hartzband, and Alan Darryl Page, each bought 96 shares at $325.28 on April 1, 2026.
Analysts Set New Price Targets
Analysts have maintained their ratings on Everest Group, with Morgan Stanley, BMO Capital, and Citigroup all holding steady on their ratings. Morgan Stanley set a price target of $355, while BMO Capital and Citigroup have targets of $376 and $395, respectively. The consensus recommendation remains a "buy," with an average target price of $388.27 based on 15 analyst opinions.
About Everest Group
Everest Group, Ltd., headquartered in Hamilton, Bermuda, provides a range of reinsurance and insurance products. Operating through its Insurance and Reinsurance segments, it offers property and casualty reinsurance, specialty lines, and more. The company was founded in 1973 and is led by CEO Mr. James Allan Williamson. Everest serves clients in the U.S., Europe, and internationally.
Bottom Line
Voloridge Investment Management's decision to increase its stake in Everest Group underscores the fund's confidence in the company's future. Investors will be watching Everest Group's upcoming earnings report on July 29, 2026, for further insights into its performance. As always, it's important to remember that 13F filings are backward-looking and may not reflect current positions.
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