Everest Group, Ltd. $EG Shares Acquired by Strategic Investment Advisors MI

Strategic Investment Advisors MI lifted its stake in Everest Group, Ltd. (NYSE:EG) by 73.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,717 shares of the company’s stock after acquiring an additional 1,578 shares during the quarter. Strategic Investment Advisors MI’s holdings in Everest Group were worth $1,212,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after purchasing an additional 90 shares during the period. Sivia Capital Partners LLC purchased a new stake in Everest Group in the second quarter valued at approximately $384,000. Marshall Wace LLP acquired a new position in Everest Group during the second quarter worth $238,000. Jump Financial LLC acquired a new position in Everest Group during the second quarter worth $1,510,000. Finally, Federated Hermes Inc. boosted its position in shares of Everest Group by 3.7% during the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock worth $4,898,000 after buying an additional 510 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Down 4.5%

Everest Group stock opened at $375.98 on Friday. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $401.07. The stock’s fifty day simple moving average is $355.30 and its 200-day simple moving average is $341.87. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $14.88 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.61 and a beta of 0.29.

Everest Group (NYSE:EG) last released its earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.52 by $0.33. Everest Group had a return on equity of 13.64% and a net margin of 11.41%.The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period last year, the business posted $16.10 earnings per share. Everest Group’s revenue was down 11.8% compared to the same quarter last year. As a group, equities analysts expect that Everest Group, Ltd. will post 52.86 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a $2.00 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a yield of 2.1%. Everest Group’s dividend payout ratio (DPR) is currently 16.92%.

Insider Activity

In other news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $351.84, for a total value of $272,676.00. Following the completion of the transaction, the chief executive officer owned 8,170 shares in the company, valued at approximately $2,874,532.80. This trade represents a 8.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EG. Keefe, Bruyette & Woods lifted their price objective on Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Barclays increased their target price on Everest Group from $420.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday. Atlantic Securities set a $484.00 target price on Everest Group in a research report on Wednesday, July 15th. Cantor Fitzgerald boosted their price target on shares of Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Citigroup increased their price target on shares of Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Everest Group currently has an average rating of “Hold” and a consensus target price of $388.53.

Everest Group 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.