IEQ Capital buys $10.5M stake in Everest Group
What's the deal? IEQ Capital LLCDealroom has a profile for this one. Try Dealroom → bought a new $10,503,000 position in Everest Group, Ltd.Dealroom has a profile for this one. Try Dealroom → during the second quarter, according to its latest 13F filing with the U.S. Securities and Exchange CommissionDealroom has a profile for this one. Try Dealroom →. The firm picked up 29,403 shares of the reinsurer, whose stock opened at $370.18 on Aug. 21, 2026.
The numbers: Everest reported $14.85 in quarterly earnings per share on July 29, beating the $14.52 consensus. Revenue came in at $3.96 billion, just under the $3.99 billion estimate and down 11.8% year-over-year.
Why now? The move follows a wave of institutional buying. Siemens Fonds InvestDealroom has a profile for this one. Try Dealroom →, V Square Quantitative ManagementDealroom has a profile for this one. Try Dealroom →, Brown Brothers HarrimanDealroom has a profile for this one. Try Dealroom →, GenTrustDealroom has a profile for this one. Try Dealroom →, and Tred Avon Family WealthDealroom has a profile for this one. Try Dealroom → all added to their positions in prior quarters. Institutions now own 92.64% of the company.
What's the endgame? Everest carries a $14.19 billion market cap and trades at a price-to-earnings ratio of 7.83. It declared a $2.00 quarterly dividend, payable September 25, 2026 to shareholders of record on September 9, 2026, for an annualised $8.00 and a 2.2% yield.
Zacks ResearchDealroom has a profile for this one. Try Dealroom → lifted its FY2026 earnings forecast to $53.10 per share from $52.49, slightly above the $52.83 analyst consensus. TD CowenDealroom has a profile for this one. Try Dealroom → kept its Hold rating unchanged.
The signal: A modest new stake and rising estimates point to steady confidence in Everest, even as the reinsurer navigates a double-digit revenue decline and a low valuation multiple.
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