Fideuram Intesa Sanpaolo Private Banking S.P.A. decreased its holdings in shares of Everest Group, Ltd. (NYSE:EG – Free Report) by 82.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,607 shares of the company’s stock after selling 35,949 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Everest Group were worth $2,486,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of EG. AQR Capital Management LLC lifted its holdings in Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after buying an additional 830,418 shares during the period. State Street Corp increased its holdings in shares of Everest Group by 0.4% in the 4th quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after acquiring an additional 7,806 shares during the period. Norges Bank purchased a new position in shares of Everest Group in the 4th quarter valued at $630,277,000. Vulcan Value Partners LLC boosted its position in Everest Group by 6.5% during the fourth quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock valued at $512,288,000 after purchasing an additional 92,274 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Everest Group by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,170,210 shares of the company’s stock valued at $395,671,000 after purchasing an additional 4,978 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.
Analyst Upgrades and Downgrades
EG has been the subject of a number of recent research reports. Mizuho boosted their target price on shares of Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research report on Friday, May 22nd. BMO Capital Markets raised their target price on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research note on Thursday, May 14th. Bank of America lifted their price target on shares of Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, UBS Group set a $355.00 price objective on Everest Group in a report on Thursday, May 21st. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $370.07.
Insider Activity at Everest Group
In related news, CEO Jason Keen sold 775 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value 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 represents a 8.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by company insiders.
Everest Group Trading Up 0.1%
Shares of Everest Group stock opened at $371.55 on Friday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $372.36. The firm’s 50 day simple moving average is $345.03 and its two-hundred day simple moving average is $336.15. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 0.57 and a beta of 0.29.
Everest Group (NYSE:EG – Get Free Report) last issued its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The company had revenue of $4.07 billion during the quarter. Analysts predict that Everest Group, Ltd. will post 52.79 EPS for the current year.
Everest Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.2%. Everest Group’s payout ratio is 16.27%.
Everest Group 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.
Recommended Stories
- Five stocks we like better than Everest Group
- AST SpaceMobile’s Japan Catalyst Puts Its Rollout Story Back in Focus
- Gold and Silver Recovery—3 Precious Metals Stocks for H2 2026
- Klarna’s Google Court Win Could Give Its BNPL Story a Needed Cash Catalyst
- Why Kroger’s Giant Eagle Deal Could Change Everything
Want to see what other hedge funds are holding EG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everest Group, Ltd. (NYSE:EG – Free Report).
Receive News & Ratings for Everest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everest Group and related companies with MarketBeat.com's FREE daily email newsletter.
