Legal & General Group Plc purchased a new position in shares of Everest Group, Ltd. (NYSE:EG – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 269,461 shares of the company’s stock, valued at approximately $96,260,000. Legal & General Group Plc owned 0.70% of Everest Group as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trifecta Capital Advisors LLC acquired a new position in shares of Everest Group during the second quarter worth approximately $29,000. Activest Wealth Management bought a new position in shares of Everest Group in the 4th quarter worth $34,000. Raiffeisen Bank International AG acquired a new stake in Everest Group in the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. acquired a new stake in Everest Group in the 4th quarter valued at $37,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Everest Group during the 2nd quarter valued at $39,000. Institutional investors own 92.64% of the company’s stock.
Everest Group Stock Performance
NYSE EG opened at $377.33 on Friday. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $401.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 0.74 and a beta of 0.29. The company has a fifty day moving average price of $369.53 and a 200-day moving average price of $348.26.
Everest Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, September 9th. Everest Group’s payout ratio is presently 16.92%.
Analysts Set New Price Targets
Several research firms have weighed in on EG. Citigroup upped their price objective on shares of Everest Group from $395.00 to $415.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Barclays boosted their target price on shares of Everest Group from $420.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. UBS Group upped their target price on shares of Everest Group from $374.00 to $395.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Evercore set a $377.00 price target on shares of Everest Group in a research report on Thursday, July 30th. Finally, Atlantic Securities set a $484.00 price target on Everest Group in a research note on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $395.27.
Read Our Latest Stock Report on EG
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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