Impact Partnership Wealth LLC Buys Shares of 3,229 Everest Group, Ltd. $EG

Impact Partnership Wealth LLC bought a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,229 shares of the company’s stock, valued at approximately $1,096,000.

Other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management acquired a new position in Everest Group during the 4th quarter valued at about $34,000. UMB Bank n.a. lifted its position in Everest Group by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after purchasing an additional 48 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Everest Group during the 4th quarter valued at about $37,000. CYBER HORNET ETFs LLC acquired a new position in Everest Group during the 2nd quarter valued at about $39,000. Finally, MUFG Securities EMEA plc acquired a new position in Everest Group during the 2nd quarter valued at about $43,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Price Performance

NYSE:EG opened at $323.94 on Friday. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $368.29. 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 fifty day simple moving average of $340.31 and a 200 day simple moving average of $331.83. The stock has a market capitalization of $12.82 billion, a PE ratio of 6.59, a P/E/G ratio of 0.52 and a beta of 0.35.

Everest Group (NYSE:EG) last released 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 business had revenue of $4.07 billion during the quarter. On average, research analysts expect that Everest Group, Ltd. will post 52.62 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, June 12th. Everest Group’s 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 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 completion of the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of research reports. BMO Capital Markets increased their target price on Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th. UBS Group set a $355.00 target price on Everest Group in a research note on Thursday, May 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. Morgan Stanley increased their target price on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Finally, Barclays raised their price target on shares of Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Everest Group has a consensus rating of “Hold” and an average price target of $373.73.

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.