Qsemble Capital Management LP boosted its holdings in shares of Everest Group, Ltd. (NYSE:EG – Free Report) by 944.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,387 shares of the company’s stock after purchasing an additional 13,914 shares during the period. Qsemble Capital Management LP’s holdings in Everest Group were worth $5,222,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Everest Group by 12,322.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after acquiring an additional 515,063 shares in the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Everest Group by 48.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 192,436 shares of the company’s stock valued at $65,303,000 after acquiring an additional 62,369 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of Everest Group in the fourth quarter valued at approximately $541,000. Strategic Family Wealth Counselors L.L.C. purchased a new position in shares of Everest Group in the fourth quarter valued at approximately $229,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Everest Group in the fourth quarter valued at approximately $718,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.
Everest Group Stock Performance
Shares of Everest Group stock opened at $351.45 on Friday. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $368.29. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.26 and a beta of 0.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. The business’s 50 day moving average price is $335.60 and its 200 day moving average price is $329.70.
Everest Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $2.00 per share. The ex-dividend date is Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a yield of 2.3%. Everest Group’s dividend payout ratio (DPR) is presently 16.27%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on EG. Keefe, Bruyette & Woods raised their target price on Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. 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. Barclays raised their target price on Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. 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. Finally, UBS Group raised their target price on Everest Group from $370.00 to $374.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $374.00.
Check Out Our Latest Stock Report on Everest Group
Insider Buying and Selling
In related news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction of $272,676.00. Following the transaction, the chief executive officer owned 8,170 shares in the company, valued at approximately $2,874,532.80. This trade represents 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 link. Insiders own 0.70% 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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