Savant Capital LLC Has $272,000 Position in Everest Group, Ltd. $EG

Savant Capital LLC lowered its position in Everest Group, Ltd. (NYSE:EGFree Report) by 95.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 803 shares of the company’s stock after selling 18,455 shares during the quarter. Savant Capital LLC’s holdings in Everest Group were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in EG. AQR Capital Management LLC increased its stake in shares of Everest Group by 70.3% in the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after buying an additional 830,418 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 buying an additional 515,063 shares during the period. Alliancebernstein L.P. increased its stake in shares of Everest Group by 157.5% in the third quarter. Alliancebernstein L.P. now owns 291,886 shares of the company’s stock valued at $102,227,000 after buying an additional 178,536 shares during the period. Causeway Capital Management LLC bought a new stake in Everest Group in the third quarter valued at approximately $61,531,000. Finally, Vulcan Value Partners LLC boosted its holdings in Everest Group by 13.9% in the third quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock valued at $496,514,000 after acquiring an additional 172,479 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Activity

In other news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at $2,874,532.80. This trade represents a 8.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EG has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their target price on Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Bank of America upped their target price on Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Barclays upped their target price on Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Mizuho upped their target price on Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Wells Fargo & Company boosted their price objective on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $373.73.

Check Out Our Latest Analysis on EG

Everest Group Price Performance

Shares of EG opened at $334.49 on Friday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $368.29. The business’s fifty day moving average is $340.60 and its 200 day moving average is $331.75. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. The stock has a market cap of $13.24 billion, a P/E ratio of 6.80, a P/E/G ratio of 0.53 and a beta of 0.31.

Everest Group (NYSE:EGGet Free Report) last issued its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The business had revenue of $4.07 billion for the quarter. Sell-side analysts anticipate that Everest Group, Ltd. will post 52.62 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given 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 dividend yield of 2.4%. Everest Group’s dividend payout ratio (DPR) is currently 16.27%.

Everest Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Everest Group (NYSE:EG)

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