Everest Group (NYSE:EG) Hits New 12-Month High – Here’s Why

Everest Group, Ltd. (NYSE:EG) shares reached a new 52-week high on Friday . The stock traded as high as $386.25 and last traded at $385.5030, with a volume of 172251 shares trading hands. The stock had previously closed at $375.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EG shares. Evercore set a $375.00 price target on shares of Everest Group in a research note on Friday, July 10th. Morgan Stanley lifted their price objective on shares of Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Weiss Ratings upgraded shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. UBS Group set a $355.00 target price on shares of Everest Group in a research report on Thursday, May 21st. Finally, BMO Capital Markets increased their price target on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $387.73.

Everest Group Stock Up 2.6%

The business’s fifty day moving average is $352.67 and its two-hundred day moving average is $340.29. The company has a market cap of $15.25 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 0.60 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37.

Everest Group (NYSE:EG) last issued its earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The business had revenue of $4.07 billion for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. Equities analysts predict that Everest Group, Ltd. will post 52.86 EPS 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 issued a $2.00 dividend. The ex-dividend date was Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.1%. Everest Group’s payout ratio is presently 16.27%.

Insider Transactions at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was 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 $2,874,532.80. This trade represents a 8.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everest Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its stake in Everest Group by 98.9% in the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after acquiring an additional 90 shares during the period. Sivia Capital Partners LLC purchased a new position in Everest Group during the 2nd quarter valued at about $384,000. Marshall Wace LLP purchased a new position in Everest Group during the 2nd quarter valued at about $238,000. Jump Financial LLC bought a new stake in shares of Everest Group in the 2nd quarter valued at about $1,510,000. Finally, Federated Hermes Inc. raised its holdings in shares of Everest Group by 3.7% in the 2nd quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after purchasing an additional 510 shares in the last quarter. Institutional investors own 92.64% 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.