Van Den Berg Management I Inc. lowered its holdings in shares of Everest Group, Ltd. (NYSE:EG – Free Report) by 76.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,240 shares of the company’s stock after selling 4,078 shares during the quarter. Van Den Berg Management I Inc.’s holdings in Everest Group were worth $421,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management purchased a new position in Everest Group during the fourth quarter worth approximately $34,000. Raiffeisen Bank International AG purchased a new position in Everest Group during the fourth quarter worth approximately $34,000. Cullen Frost Bankers Inc. purchased a new position in Everest Group during the fourth quarter worth approximately $37,000. CYBER HORNET ETFs LLC purchased a new position in Everest Group during the second quarter worth approximately $39,000. Finally, MUFG Securities EMEA plc purchased a new position in Everest Group during the second quarter worth approximately $43,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.
Insider Transactions at Everest Group
In other 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 directly owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.
Everest Group Stock Performance
Everest Group (NYSE:EG – Get Free Report) last announced its quarterly earnings data on Monday, March 23rd. The company reported $16.08 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%. On average, research analysts predict that Everest Group, Ltd. will post 52.79 EPS for the current 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 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 (DPR) is 16.27%.
Analyst Upgrades and Downgrades
EG has been the topic of several research reports. 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 report on Wednesday, May 6th. Citigroup raised their target price on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. BMO Capital Markets raised their target price on Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. UBS Group set a $355.00 target price on Everest Group in a research report on Thursday, May 21st. Finally, Mizuho raised their target price on Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Everest Group presently has an average rating of “Hold” and a consensus price target of $373.73.
Check Out Our Latest Stock Report on Everest Group
Everest Group Company 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.
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