1,815 Shares in Everest Group, Ltd. $EG Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,815 shares of the company’s stock, valued at approximately $648,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Centaurus Financial Inc. purchased a new position in shares of Everest Group in the second quarter worth approximately $154,000. Coastal Bridge Advisors LLC purchased a new stake in shares of Everest Group in the 2nd quarter valued at approximately $296,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Everest Group in the 2nd quarter valued at approximately $5,351,000. Transamerica Financial Advisors LLC acquired a new position in Everest Group in the 2nd quarter worth approximately $80,000. Finally, Corient Private Wealth LP acquired a new position in Everest Group in the 2nd quarter worth approximately $12,120,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Trading Down 0.7%

Shares of NYSE:EG opened at $374.92 on Tuesday. The firm has a fifty day moving average of $371.09 and a two-hundred day moving average of $348.97. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $401.07. The firm has a market capitalization of $14.37 billion, a P/E ratio of 7.93, a price-to-earnings-growth ratio of 0.74 and a beta of 0.29.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share for the quarter. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The business had revenue of $3.96 billion for the quarter. On average, equities analysts expect that Everest Group, Ltd. will post 53.28 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th will be paid a $2.00 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a yield of 2.1%. Everest Group’s payout ratio is 16.92%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EG shares. Barclays boosted their target price on shares of Everest Group from $420.00 to $430.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Atlantic Securities set a $484.00 price target on Everest Group in a report on Wednesday, July 15th. Keefe, Bruyette & Woods upped their price target on Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Citigroup increased their price objective on Everest Group from $395.00 to $415.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, UBS Group raised their price objective on Everest Group from $374.00 to $395.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Four equities 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.com, Everest Group presently has an average rating of “Hold” and an average target price of $395.27.

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.