Everest Group, Ltd. (NYSE:EG – Get Free Report) shares reached a new 52-week high on Wednesday after Wells Fargo & Company raised their price target on the stock from $356.00 to $373.00. Wells Fargo & Company currently has an equal weight rating on the stock. Everest Group traded as high as $379.22 and last traded at $373.7080, with a volume of 307711 shares. The stock had previously closed at $372.93.
A number of other analysts have also recently commented on EG. BMO Capital Markets upped their price target on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. Citigroup lifted their price objective on Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research report on Friday, May 22nd. Mizuho raised their target price on Everest Group from $388.00 to $418.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Cantor Fitzgerald lifted their target price on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $380.14.
Read Our Latest Research Report on Everest Group
Insider Buying and Selling
Hedge Funds Weigh In On Everest Group
A number of institutional investors have recently modified their holdings of the company. Algebris UK Ltd. bought a new stake in shares of Everest Group during the fourth quarter worth about $23,460,000. M&T Bank Corp lifted its position in Everest Group by 4,077.5% in the 4th quarter. M&T Bank Corp now owns 79,205 shares of the company’s stock valued at $26,878,000 after acquiring an additional 77,309 shares in the last quarter. Danske Bank A S acquired a new position in Everest Group during the 3rd quarter valued at about $35,547,000. Northwestern Mutual Wealth Management Co. boosted its stake in Everest Group by 12,322.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after purchasing an additional 515,063 shares during the last quarter. Finally, Lighthouse Investment Partners LLC increased its holdings in Everest Group by 280.4% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 42,237 shares of the company’s stock worth $14,793,000 after purchasing an additional 31,133 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.
Everest Group Price Performance
The stock has a market capitalization of $14.67 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 0.57 and a beta of 0.29. The business has a fifty day simple moving average of $347.13 and a 200 day simple moving average of $337.40. 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 posted its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The company 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, analysts expect that Everest Group, Ltd. will post 52.77 earnings per share for the current year.
Everest Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, June 12th. Everest Group’s dividend payout ratio is presently 16.27%.
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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