Everest Group, Ltd. (NYSE:EG – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $371.12 and last traded at $371.5510, with a volume of 245508 shares traded. The stock had previously closed at $359.93.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on EG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. BMO Capital Markets upped their price target on shares of Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Barclays lifted their price objective on shares of Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Finally, Morgan Stanley upped their target price on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Everest Group presently has an average rating of “Hold” and a consensus target price of $370.07.
Read Our Latest Research Report on EG
Everest Group Trading Up 3.2%
Everest Group (NYSE:EG – Get Free Report) last announced 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 company had revenue of $4.07 billion during the quarter. As a group, analysts expect that Everest Group, Ltd. will post 52.79 EPS for the current year.
Everest Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $2.00 per share. 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 dividend payout ratio (DPR) is presently 16.27%.
Insider Activity at Everest Group
In other news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction dated 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 directly owned 8,170 shares in the company, valued at approximately $2,874,532.80. The trade was 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 the SEC website. Insiders own 0.70% of the company’s stock.
Institutional Trading of Everest Group
Several institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after acquiring an additional 830,418 shares during the last quarter. State Street Corp boosted its position in shares of Everest Group by 0.4% during the 4th quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after purchasing an additional 7,806 shares in the last quarter. Norges Bank bought a new stake in shares of Everest Group during the 4th quarter valued at about $630,277,000. Vulcan Value Partners LLC grew its stake in Everest Group by 6.5% during the fourth quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock worth $512,288,000 after purchasing an additional 92,274 shares during the period. Finally, Geode Capital Management LLC grew its stake in Everest Group by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,170,210 shares of the company’s stock worth $395,671,000 after purchasing an additional 4,978 shares during the period. 92.64% of the stock is currently owned by institutional investors.
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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