Everest Group, Ltd. (NYSE:EG – Get Free Report) rose 4.7% during trading on Friday . The company traded as high as $335.70 and last traded at $334.42. 518,795 shares were traded during mid-day trading, an increase of 43% from the average session volume of 363,634 shares. The stock had previously closed at $319.50.
Analyst Upgrades and Downgrades
Several analysts have commented on EG shares. Morgan Stanley lifted their price objective on shares of Everest Group from $340.00 to $355.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Wells Fargo & Company raised their target price on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. 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 report on Thursday, May 7th. Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Barclays increased their price target on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $373.73.
View Our Latest Research Report on EG
Everest Group Stock Up 4.7%
Everest Group (NYSE:EG – Get Free Report) 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 during the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. On average, equities analysts forecast that Everest Group, Ltd. will post 52.62 EPS for the current year.
Everest Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, June 12th. Everest Group’s payout ratio is presently 16.27%.
Insiders Place Their Bets
In other Everest Group news, 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 transaction of $272,676.00. Following the transaction, the chief executive officer directly 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.
Institutional Trading of Everest Group
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Activest Wealth Management purchased a new position in Everest Group in the 4th quarter valued at about $34,000. Raiffeisen Bank International AG purchased a new stake in Everest Group during the 4th quarter worth approximately $34,000. UMB Bank n.a. increased its stake in Everest Group by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 107 shares of the company’s stock worth $37,000 after buying an additional 48 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Everest Group during the fourth quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Everest Group during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.
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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