Heartland Advisors released its “Heartland Mid Cap Value Fund” second quarter 2025 investor letter, showing a 0.22% loss compared to the Russell Midcap® Value Index’s 5.35% gain. Stock selection led to underperformance. Everest Group, Ltd. (NYSE:EG) is a top holding, with a one-month return of 0.06% and a market capitalization of $14.434 billion.

In the second quarter 2025 investor letter, Heartland Mid Cap Value Fund discussed Everest Group, Ltd. (NYSE:EG), a global insurer specializing in property natural catastrophe reinsurance. Everest Group, Ltd. (NYSE:EG) stock closed at $339.35 per share on July 11, 2025. The fund initiated a position in Everest Group, Ltd. (NYSE:EG) during the quarter.

Everest Group, Ltd. (NYSE:EG) is not among the 30 most popular stocks among hedge funds, with 42 hedge fund portfolios holding it at the end of the first quarter of 2025. Everest Group, Ltd. (NYSE:EG) reported $210 million in net income in Q1 2025, down from $733 million in Q1 2024. The fund sees potential in EG but believes certain AI stocks offer greater upside potential and less downside risk.

Read more at Yahoo Finance: What Makes Everest Group LTD (EG) an Investment Bet?