12:20 PM EDT, 08/05/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We trim our 12-month target price by $10 to $360, valuing EG shares at 6x our '26 operating EPS estimate of $61.15 (cut today by $2.40), versus their 1YR average forward multiple of 6.5x, a peer average of 8.5x. We also trim our '25 EPS estimate by $0.11 to $47.16. Q2 operating EPS of $17.36 versus $16.85 beat our $14.15 EPS estimate, the $14.82 consensus view, on a 5.9% rise in revenues, amid 8% premium growth (versus our 6% to 8% forecasted rise). Underwriting results deteriorated a bit, and the combined ratio equaled 90.4% versus 90.3% a year ago. The rebound in operating EPS forecasted for '26 is skewed by YTD '25 catastrophe claims of $492M versus $220M a year ago. Underlying results (which exclude catastrophes and prior-year loss development) also deteriorated, and the YTD attritional combined ratio was 89.4% versus 86.5%. We think eroding underwriting results and weak top-line trends (YTD net written premiums were down 1.6% Y/Y) offset EG's discounted valuation and remove a catalyst from the shares.