Y Intercept Hong Kong Ltd Buys Shares of 7,015 Everest Group, Ltd. $EG

Y Intercept Hong Kong Ltd purchased a new position in shares of Everest Group, Ltd. (NYSE:EG) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,015 shares of the company’s stock, valued at approximately $2,293,000.

Several other institutional investors and hedge funds also recently modified their holdings of EG. Algebris UK Ltd. bought a new stake in shares of Everest Group during the 4th quarter worth about $23,460,000. M&T Bank Corp boosted its holdings in shares of Everest Group by 4,077.5% in the fourth quarter. M&T Bank Corp now owns 79,205 shares of the company’s stock valued at $26,878,000 after acquiring an additional 77,309 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Everest Group by 12,322.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after acquiring an additional 515,063 shares during the period. Danske Bank A S bought a new stake in Everest Group during the third quarter worth approximately $35,547,000. Finally, SG Americas Securities LLC boosted its stake in Everest Group by 598.3% during the 4th quarter. SG Americas Securities LLC now owns 34,112 shares of the company’s stock valued at $11,576,000 after purchasing an additional 29,227 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EG. Bank of America boosted their price objective on Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Barclays boosted their price target on shares of Everest Group from $380.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup raised their price objective on shares of Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. UBS Group set a $355.00 target price on shares of Everest Group in a report on Thursday, May 21st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $373.50.

Everest Group Trading Down 0.4%

Shares of EG opened at $371.61 on Thursday. The business’s 50-day moving average price is $346.65 and its 200 day moving average price is $337.12. The stock has a market capitalization of $14.70 billion, a P/E ratio of 7.56, a P/E/G ratio of 0.57 and a beta of 0.29. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $379.21. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The company had revenue of $4.07 billion during the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. Analysts expect that Everest Group, Ltd. will post 52.77 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio is 16.27%.

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total transaction of $272,676.00. Following the transaction, the chief executive officer directly owned 8,170 shares in the company, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Everest Group Company Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.