Keefe, Bruyette & Woods Cuts Everest (EG) Price Target to $407

Keefe, Bruyette & Woods has reiterated its Outperform rating on Everest Group, lowering the price target to $407, a 5.43% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 2:26 PM EDT

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Keefe, Bruyette & Woods cut its price target on Everest Group, Ltd. ($EG) to $407 from $414 on October 12, 2026, and rates the stock "Outperform".

Since the rating, $EG is up 4.5% to date (from the $372.53 close on Oct 12, 2026).

EG Everest Group, Ltd.

$389.10 +18.40% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Keefe, Bruyette & Woods reiterated its Outperform rating on Everest Group, Ltd. with a new price target of $407.
Keefe, Bruyette & Woods's $407 price target implies 5.43% upside from Everest Group, Ltd.'s ($EG) current $386.04 share price.
As of October 16, 2026, Everest's shares traded at $386.04, which is about 5.1% below the new price target.
Everest Group is scheduled to announce its next earnings report on October 28, 2026.

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Keefe, Bruyette & Woods has reiterated its Outperform rating on Everest Group, Ltd. (NYSE: EG) on October 12, 2026. The firm lowered its price target from $414 to $407.

Other Institutional Activity in Everest Group

Several other institutional investors have adjusted their positions in Everest Group recently. Blackrock Inc. trimmed its holdings by 76,834 shares, ending with 3,220,769 shares worth about $1.25 billion. Vanguard Capital Management LLC also reduced its stake by 50,567 shares, bringing its total to 2,583,110 shares valued at approximately $1.01 billion. Similarly, Vanguard Portfolio Management LLC cut its position by 99,078 shares, resulting in 2,068,927 shares worth around $805 million. On the other hand, Norges Bank increased its holdings by 71,877 shares, ending with 1,929,157 shares valued at about $750 million. State Street Corporation slightly reduced its stake by 5,551 shares, leaving it with 1,844,732 shares worth approximately $718 million.

Everest Group, Ltd. Stock Up 3.0%

Shares of Everest Group traded recently at $386.04, which is about 5.1% below the new price target of $407. This price puts it in a position where it might need to gain some ground to meet analysts' expectations. The company's performance is particularly relevant as it approaches its next earnings announcement.

12-month forecast

$EG price target

Everest Group, Ltd. daily closes and this analyst's $407 target. Not advice.

Recent Earnings

Everest Group reported trailing twelve-month revenue of approximately $16.8 billion, with a net margin of 11.4% and a return on equity of 12.6%. The company has a revenue growth rate of -11.3% year-over-year. Its next earnings report is scheduled for October 28, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

B+ 82/100

Reported Apr 29, 2026

Forward outlook
7 analysts raised price targets.
EPS & revenue
EPS beat estimates by 11.7%. Revenue missed estimates by 0.9%.
Profit surprise
Operating income beat by 14 percent.
Pre-earnings setup
Expectations were about average.
Analyst signal
7 target raises.
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.

Insider Buying and Selling at Everest Group, Ltd.

On May 7, 2026, Jason Warwick Keen, an officer at Everest Group, sold 775 shares at an average price of $351.84, totaling about $272,676. This transaction occurred before the recent analyst activity.

Analysts Set New Price Targets

On October 12, 2026, Keefe, Bruyette & Woods maintained its Outperform rating on Everest Group with a revised price target of $407. Earlier, on October 7, Mizuho maintained its Neutral rating with a target of $398, while RBC Capital initiated coverage with an Outperform rating and a target of $455 on September 22. The consensus among analysts is varied, reflecting differing outlooks on the stock's future performance.

About Everest Group

Everest Group, Ltd. provides reinsurance and insurance products across the globe, with operations in the United States and Europe. The company is headquartered in Hamilton, Bermuda, and employs over 3,000 people. As it navigates through market challenges, the analyst ratings and price targets will be crucial for investors to watch.

Bottom Line

Investors should keep an eye on Everest Group's upcoming earnings report on October 28, 2026, as well as any further updates from analysts. The recent reiteration of the Outperform rating by Keefe, Bruyette & Woods indicates ongoing confidence in the company's potential despite the lowered price target.