William Blair Investment Management LLC lowered its holdings in Everest Group, Ltd. (NYSE:EG – Free Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 584,301 shares of the company’s stock after selling 67,173 shares during the quarter. William Blair Investment Management LLC’s holdings in Everest Group were worth $198,283,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Everest Group in the 3rd quarter valued at approximately $30,000. Activest Wealth Management purchased a new position in shares of Everest Group in the 4th quarter valued at approximately $34,000. UMB Bank n.a. lifted its stake in shares of Everest Group by 81.4% in 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. purchased a new position in shares of Everest Group in the 4th quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Everest Group in the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on EG shares. UBS Group set a $355.00 target price on Everest Group in a research note on Thursday. Wells Fargo & Company raised their target price on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Mizuho raised their target price on Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Citigroup raised their target price on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods raised their target price on Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $373.73.
Key Stories Impacting Everest Group
Here are the key news stories impacting Everest Group this week:
- Positive Sentiment: Zacks Research lifted its earnings forecasts for several future periods, including Q4 2027, Q3 2027, FY2027 and Q1 2028, suggesting stronger longer-term profit potential for Everest Group.
- Neutral Sentiment: Morgan Stanley raised its price target on Everest Group to $355 from $340 but kept an “equal weight” rating, implying only limited near-term upside.
- Negative Sentiment: Zacks Research trimmed estimates for Q2 2026, Q2 2027, Q1 2027, Q4 2026 and FY2026, which may be pressuring sentiment by pointing to softer results in the nearer term.
Insider Activity at Everest Group
In other Everest Group news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total value of $272,676.00. Following the completion of the sale, the chief executive officer 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.
Everest Group Stock Down 1.0%
Shares of NYSE:EG opened at $352.76 on Friday. The stock has a fifty day simple moving average of $338.33 and a two-hundred day simple moving average of $331.09. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.55 and a beta of 0.35. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month 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.
Everest Group (NYSE:EG – Get Free Report) last announced its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. The business had revenue of $4.07 billion during the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. On average, research analysts anticipate that Everest Group, Ltd. will post 52.58 earnings per share for the current fiscal year.
Everest Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. Everest Group’s dividend payout ratio (DPR) is presently 16.27%.
About Everest Group
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.
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