Mizuho cuts Everest Group stock target to USD 398.00

Published on 10/08/2026 at 13:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 3.96 billion versus USD 4.02 billion expected. Everest Group stock costs EUR 322.70 versus EUR 323.40.

EG, BMG3223R1088, Illustration mit AI erstellt.

Everest Group (ISIN BMG3223R1088) was trading at EUR 322.70 at Lang & Schwarz on October 8, 2026 at 1:47 p.m. CEST, down 0.22 percent from the prior close of EUR 323.40. On October 7, 2026, Mizuho cut its Everest Group target from USD 416.00 to USD 398.00 and kept a Neutral rating, according to Markets Insider.

The target cut resets the valuation debate

The USD 18.00 reduction equals a 4.33 percent cut from the former target. Mizuho described the move as part of a third-quarter earnings preview, putting the target action ahead of Everest's scheduled results.

Barclays took the opposite stance on October 7, 2026, maintaining a Buy rating and setting a USD 430.00 target, as Markets Insider reported. The split leaves a USD 32.00 difference between the Mizuho and Barclays targets, a concrete sign of disagreement over Everest's earnings path.

What does the second quarter mean?

Everest reported USD 3.96 billion of revenue for the second quarter of 2026, compared with USD 4.02 billion expected, while net income reached USD 559.0 million. The figures were reported by Markets Insider for the quarter ended June 30, 2026.

Three recent dates shape the story

On July 29, 2026, Everest reported second-quarter revenue of USD 3.96 billion and net income of USD 559.0 million. On September 29, 2026, it set an October 29, 2026 conference call date for third-quarter results. On October 7, 2026, Mizuho cut its target from USD 416.00 to USD 398.00, according to Markets Insider.

Upcoming results have two dates

Everest will release third-quarter 2026 results after the NYSE close on October 28, 2026, then hold its earnings conference call on October 29, 2026 at 8:00 a.m. ET, according to Fidelity.

Stock remains below its yearly high

Everest's primary listing is on the NYSE, where finance data showed a USD 14.3 billion market capitalization and a USD 302.44 to USD 401.07 52-week range as of October 7, 2026. The EUR quote from Lang & Schwarz therefore sits below the competing USD targets without a direct cross-currency valuation comparison.

Everest completed the sale of its Canadian Retail Insurance operations to Wawanesa on October 1, 2026, sharpening its stated focus on reinsurance and global wholesale and specialty businesses, according to FinanzNachrichten. The portfolio change and the October results date give investors two distinct reference points for judging whether the lower Mizuho target reflects a temporary earnings reset or a broader underwriting concern.

EUR 322.70 was the latest indication

Everest Group was trading at EUR 322.70 at Lang & Schwarz on October 8, 2026 at 1:47 p.m. CEST, minus 0.22 percent versus the Lang & Schwarz prior close of EUR 323.40 on October 7, 2026. The primary listing is NYSE, where the finance quote was USD 362.30 at 8:00 p.m. UTC on October 7, 2026, an after-hours indication.

The further course of trading is shown by the continuously updated real-time quote of Everest Group stock.