Everest Group, Ltd. $EG Stake Increased by National Pension Service

National Pension Service increased its stake in Everest Group, Ltd. (NYSE:EG) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,113 shares of the company’s stock after buying an additional 5,157 shares during the period. National Pension Service’s holdings in Everest Group were worth $14,970,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EG. Activest Wealth Management bought a new stake in Everest Group during the fourth quarter valued at $34,000. UMB Bank n.a. increased its stake in Everest Group by 81.4% during the third 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 last quarter. Cullen Frost Bankers Inc. bought a new stake in Everest Group during the fourth quarter valued at $37,000. CYBER HORNET ETFs LLC bought a new stake in Everest Group during the second quarter valued at $39,000. Finally, MUFG Securities EMEA plc bought a new stake in Everest Group during the second quarter valued at $43,000. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on EG shares. UBS Group set a $355.00 target price on shares of Everest Group in a research note on Thursday, May 21st. Citigroup boosted their target price on shares of Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Mizuho boosted their target price on shares of Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wells Fargo & Company boosted their target price on shares of Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Bank of America boosted their target price on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $373.73.

Everest Group Stock Down 0.0%

Everest Group stock opened at $323.94 on Monday. The company has a 50-day simple moving average of $340.31 and a 200-day simple moving average of $331.86. The firm has a market capitalization of $12.82 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.51 and a beta of 0.31. 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, Ltd. has a one year low of $302.44 and a one year high of $368.29.

Everest Group (NYSE:EG) last released its quarterly earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The business had revenue of $4.07 billion during the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. As a group, equities analysts expect that Everest Group, Ltd. will post 52.62 earnings per share for the current year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $2.00 per share. The ex-dividend date is Friday, June 12th. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. Everest Group’s dividend payout ratio is currently 16.27%.

Insider Activity at Everest Group

In other news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction dated 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 owned 8,170 shares in the company, valued at approximately $2,874,532.80. This represents a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% 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.