Raymond James has downgraded Everest Group Ltd (EG) to Outperform from Strong Buy, effective September 21, 2025. The current share price stands at $309.49.
This downgrade underscores a shift in sentiment regarding Everest Group's outlook, potentially reflecting concerns about competitive pressures and market conditions that may impact the company's performance.
Everest Group Ltd operates in the insurance industry, providing reinsurance and insurance services through its two main segments: Reinsurance and Insurance. The company underwrites property and casualty reinsurance globally, employing both treaty and facultative models. It also conducts its insurance business through various brokers and program administrators across more than 100 countries.
As of November 8, 2025, Everest Group boasts a market capitalisation of $13.4 billion, with a price-to-earnings ratio of 16.67 and earnings per share of 19.17. The upcoming earnings announcement is scheduled for October 27, 2025, with an estimated EPS of $14.82 and revenue of $4.2 billion.
Analyst consensus indicates a Buy rating, with 6 Strong Buy, 7 Buy, 11 Hold, and no Sell or Strong Sell ratings among 24 analysts surveyed. Recent actions include a downgrade by Raymond James and initiations by Wolfe Research and Citigroup, highlighting a mixed outlook from analysts in the past 90 days.
Such decisions reflect the dynamic nature of analyst ratings, which can evolve as new information becomes available. Investors should consider a range of factors, including company fundamentals and industry trends, when evaluating their positions.