Weiss Asset Management LP Sells 3,086 Shares of Everest Group, Ltd. $EG

Weiss Asset Management LP decreased its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 27.5% in the 1st quarter, Holdings Channel reports. The fund owned 8,134 shares of the company’s stock after selling 3,086 shares during the period. Weiss Asset Management LP’s holdings in Everest Group were worth $2,659,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EG. Activest Wealth Management acquired a new stake in shares of Everest Group in the 4th quarter valued at approximately $34,000. Raiffeisen Bank International AG bought a new stake in shares of Everest Group during the 4th quarter valued at approximately $34,000. Cullen Frost Bankers Inc. acquired a new position in Everest Group during the 4th quarter worth approximately $37,000. CYBER HORNET ETFs LLC acquired a new position in Everest Group during the 2nd quarter worth approximately $39,000. Finally, MUFG Securities EMEA plc bought a new position in Everest Group in the 2nd quarter valued at approximately $43,000. Institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

EG has been the topic of a number of research analyst reports. UBS Group set a $355.00 target price on shares of Everest Group in a research report on Thursday, May 21st. Citigroup upped their price target on shares of Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Bank of America increased their price target on Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Weiss Ratings raised Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Morgan Stanley boosted their price objective on Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $387.73.

Insider Activity at Everest Group

In related news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value of $272,676.00. Following the sale, the chief executive officer owned 8,170 shares of the company’s stock, valued at $2,874,532.80. The trade was a 8.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Everest Group Stock Up 0.1%

Shares of NYSE EG opened at $385.50 on Monday. The company has a 50 day simple moving average of $352.67 and a 200 day simple moving average of $340.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $386.87. The firm has a market cap of $15.25 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 0.60 and a beta of 0.29.

Everest Group (NYSE:EG) last posted its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The firm had revenue of $4.07 billion for the quarter. On average, research analysts forecast that Everest Group, Ltd. will post 52.86 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, June 12th. Everest Group’s payout ratio is 16.27%.

About Everest Group

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.