Everest Group, Ltd. $EG Shares Acquired by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lifted its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,428 shares of the company’s stock after buying an additional 5,798 shares during the period. Deprince Race & Zollo Inc.’s holdings in Everest Group were worth $41,650,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EG. USS Investment Management Ltd boosted its holdings in Everest Group by 5.4% during the first quarter. USS Investment Management Ltd now owns 6,712 shares of the company’s stock worth $2,195,000 after buying an additional 344 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Everest Group by 2.7% in the first quarter. IFM Investors Pty Ltd now owns 11,592 shares of the company’s stock valued at $3,789,000 after buying an additional 302 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in Everest Group by 85.3% in the first quarter. SJS Investment Consulting Inc. now owns 252 shares of the company’s stock valued at $82,000 after buying an additional 116 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of Everest Group by 4.4% during the 1st quarter. Continuum Advisory LLC now owns 17,406 shares of the company’s stock valued at $5,689,000 after acquiring an additional 727 shares during the period. Finally, Tred Avon Family Wealth LLC lifted its position in shares of Everest Group by 6.5% during the 1st quarter. Tred Avon Family Wealth LLC now owns 657 shares of the company’s stock valued at $215,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Activity

In related news, CEO Jason Keen sold 775 shares of the stock in a transaction 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 sale, the chief executive officer owned 8,170 shares of the company’s stock, valued at $2,874,532.80. This trade 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 available at the SEC website. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EG has been the topic of a number of research reports. Barclays upped their price target on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Mizuho lifted their price objective on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wells Fargo & Company boosted their target price on Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods upped their target price on Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $370.07.

Everest Group Trading Up 0.7%

Shares of EG opened at $359.88 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $368.29. The stock has a market cap of $14.24 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 0.55 and a beta of 0.29. The firm has a 50 day simple moving average of $344.08 and a 200-day simple moving average of $335.59.

Everest Group (NYSE:EG) last posted its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. The firm had revenue of $4.07 billion for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. Equities analysts forecast that Everest Group, Ltd. will post 52.79 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, June 12th. Everest Group’s payout ratio is 16.27%.

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.