What Makes Everest Group LTD (EG) an Investment Bet?

Soumya Eswaran

Mon, Jul 14, 2025, 7:52 AM 3 min read

Heartland Advisors, an investment management company, released its “Heartland Mid Cap Value Fund” second quarter 2025 investor letter. A copy of the letter can be downloaded here. The market rallied in the quarter, as the recession fears waned, and market sentiment shifted toward increased risk-taking. The fund lost 0.22% in the quarter compared to the 5.35% gain for the Russell Midcap® Value Index. Stock selection led to most of the underperformance of the fund in the quarter. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its second quarter 2025 investor letter, Heartland Mid Cap Value Fund highlighted stocks such as Everest Group, Ltd. (NYSE:EG). Everest Group, Ltd. (NYSE:EG) offers insurance and reinsurance products. The one-month return of Everest Group, Ltd. (NYSE:EG) was 0.06%, and its shares lost 14.36% of their value over the last 52 weeks. On July 11, 2025, Everest Group, Ltd. (NYSE:EG) stock closed at $339.35 per share with a market capitalization of $14.434 billion.

Heartland Mid Cap Value Fund stated the following regarding Everest Group, Ltd. (NYSE:EG) in its second quarter 2025 investor letter:

Financials. During the quarter, we initiated a position in Everest Group, Ltd. (NYSE:EG), a Deep Value global insurer with a long history of operating in the property natural catastrophe (NatCat) reinsurance market. Property & casualty underwriters such as Allstate, Progressive, and GEICO purchase NatCat reinsurance to protect their balance sheets against major weather events including hurricanes and earthquakes.

A financial adviser in a suit talking with a senior client about their life insurance policy.

Everest Group, Ltd. (NYSE:EG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 42 hedge fund portfolios held Everest Group, Ltd. (NYSE:EG) at the end of the first quarter, which was 47 in the previous quarter. In the first quarter of2025, Everest Group, Ltd. (NYSE:EG) reported $210 million in net income compared to $733 million in Q1 2024. While we acknowledge the potential of EG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.