Insider Selling: Everest Group (NYSE:EG) CEO Sells $272,676.00 in Stock

Everest Group, Ltd. (NYSE:EGGet Free Report) CEO Jason Keen sold 775 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value of $272,676.00. Following the transaction, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. This trade represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Everest Group Price Performance

Shares of NYSE EG opened at $347.78 on Thursday. The stock has a fifty day simple moving average of $334.99 and a two-hundred day simple moving average of $329.55. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $368.29. The firm has a market cap of $13.76 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.26 and a beta of 0.35. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EGGet Free Report) last posted its quarterly earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The firm had revenue of $4.07 billion during the quarter. Analysts anticipate that Everest Group, Ltd. will post 52.71 earnings per share for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is presently 16.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods raised 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. Wells Fargo & Company raised their price target on Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. UBS Group raised their price target on Everest Group from $370.00 to $374.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Barclays raised 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. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Everest Group has a consensus rating of “Hold” and an average target price of $373.86.

View Our Latest Analysis on Everest Group

Institutional Investors Weigh In On Everest Group

Several large investors have recently added to or reduced their stakes in the business. Systematic Financial Management LP boosted its stake in Everest Group by 3.3% during the first quarter. Systematic Financial Management LP now owns 119,974 shares of the company’s stock valued at $39,214,000 after buying an additional 3,826 shares during the period. Sei Investments Co. raised its position in Everest Group by 12.6% during the first quarter. Sei Investments Co. now owns 127,583 shares of the company’s stock valued at $41,700,000 after purchasing an additional 14,314 shares in the last quarter. Lido Advisors LLC increased its holdings in shares of Everest Group by 44.5% in the first quarter. Lido Advisors LLC now owns 1,153 shares of the company’s stock worth $377,000 after buying an additional 355 shares during the period. State of Wyoming increased its holdings in shares of Everest Group by 148.5% in the first quarter. State of Wyoming now owns 2,075 shares of the company’s stock worth $678,000 after buying an additional 1,240 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Everest Group by 103.3% in the first quarter. First Trust Advisors LP now owns 121,949 shares of the company’s stock worth $39,859,000 after buying an additional 61,955 shares during the period. Institutional investors own 92.64% of the company’s stock.

Everest Group Company Profile

(Get Free Report)

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.

Further Reading

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