Polar Capital Holdings Plc Sells 7,000 Shares of Everest Group, Ltd. $EG

Polar Capital Holdings Plc cut its stake in Everest Group, Ltd. (NYSE:EGFree Report) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 403,500 shares of the company’s stock after selling 7,000 shares during the quarter. Polar Capital Holdings Plc’s holdings in Everest Group were worth $136,928,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bright Futures Wealth Management LLC. purchased a new stake in shares of Everest Group in the third quarter worth about $589,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Everest Group by 142.0% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 118,187 shares of the company’s stock worth $41,393,000 after acquiring an additional 69,346 shares during the period. Causeway Capital Management LLC purchased a new stake in Everest Group in the 3rd quarter worth approximately $61,531,000. Vulcan Value Partners LLC lifted its stake in Everest Group by 13.9% in the 3rd quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock worth $496,514,000 after purchasing an additional 172,479 shares in the last quarter. Finally, Algebris UK Ltd. bought a new position in Everest Group in the 4th quarter valued at $23,460,000. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EG has been the topic of several research analyst reports. Citigroup upped their price target on shares of Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Wells Fargo & Company lifted 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. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. Keefe, Bruyette & Woods raised their price target on Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Barclays lifted their price target on Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $373.73.

Get Our Latest Research Report on Everest Group

Everest Group Stock Down 0.1%

Shares of NYSE:EG opened at $338.14 on Wednesday. The firm has a market capitalization of $13.38 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 0.52 and a beta of 0.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $368.29. The firm has a fifty day moving average of $342.24 and a 200 day moving average of $333.00.

Everest Group (NYSE:EGGet Free Report) last released its quarterly earnings results 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. As a group, research analysts anticipate that Everest Group, Ltd. will post 52.79 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is currently 16.27%.

Insiders Place Their Bets

In related news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total value of $272,676.00. Following the completion of the sale, the chief executive officer owned 8,170 shares in the company, valued at $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by insiders.

About Everest Group

(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.

See Also

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

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