Van Den Berg Management I Inc. Decreases Stock Position in Everest Group, Ltd. $EG

Van Den Berg Management I Inc. cut its stake in Everest Group, Ltd. (NYSE:EG) by 76.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,240 shares of the company’s stock after selling 4,078 shares during the period. Van Den Berg Management I Inc.’s holdings in Everest Group were worth $421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EG. Norges Bank purchased a new position in Everest Group in the fourth quarter valued at $630,277,000. AQR Capital Management LLC lifted its holdings in Everest Group by 70.3% during the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after buying an additional 830,418 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Everest Group by 12,322.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock worth $176,205,000 after buying an additional 515,063 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Everest Group by 622.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 346,305 shares of the company’s stock worth $117,519,000 after buying an additional 298,391 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Everest Group by 157.5% during the 3rd quarter. Alliancebernstein L.P. now owns 291,886 shares of the company’s stock worth $102,227,000 after buying an additional 178,536 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Stock Down 0.1%

Everest Group stock opened at $338.14 on Wednesday. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $368.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $13.38 billion, a P/E ratio of 6.88, a PEG ratio of 0.52 and a beta of 0.31. The stock has a 50-day simple moving average of $342.24 and a 200-day simple moving average of $333.00.

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 return on equity of 14.70% and a net margin of 11.76%.The business had revenue of $4.07 billion during the quarter. Equities research analysts expect that Everest Group, Ltd. will post 52.79 earnings per share for the current year.

Everest Group Announces Dividend

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 paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $8.00 annualized dividend and a yield of 2.4%. Everest Group’s dividend payout ratio is currently 16.27%.

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction of $272,676.00. Following the completion of the sale, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at $2,874,532.80. This represents a 8.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EG. Keefe, Bruyette & Woods lifted their price target on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Bank of America lifted their price target on Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Mizuho lifted their price target on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group set a $355.00 price target on Everest Group in a report on Thursday, May 21st. Finally, Morgan Stanley lifted their price target on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Everest Group currently has a consensus rating of “Hold” and a consensus target price of $373.73.

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.