Cary Street Partners Financial LLC Has $2.87 Million Stock Position in Everest Group, Ltd. $EG

Cary Street Partners Financial LLC lowered its holdings in Everest Group, Ltd. (NYSE:EG) by 15.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,450 shares of the company’s stock after selling 1,559 shares during the period. Cary Street Partners Financial LLC’s holdings in Everest Group were worth $2,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Allstate Corp grew its holdings in shares of Everest Group by 134.5% during the 4th quarter. Allstate Corp now owns 3,001 shares of the company’s stock worth $1,018,000 after purchasing an additional 1,721 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Everest Group by 6.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 783 shares of the company’s stock worth $266,000 after purchasing an additional 48 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Everest Group during the 4th quarter worth approximately $210,000. Global Retirement Partners LLC grew its holdings in shares of Everest Group by 561.3% during the 4th quarter. Global Retirement Partners LLC now owns 529 shares of the company’s stock worth $180,000 after purchasing an additional 449 shares in the last quarter. Finally, Algebris UK Ltd. acquired a new stake in shares of Everest Group during the 4th quarter worth approximately $23,460,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Activity at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were 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 owned 8,170 shares in the company, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a report on Friday, May 22nd. Citigroup increased their target price on Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. BMO Capital Markets increased their target price on Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Morgan Stanley increased their target price on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Finally, UBS Group set a $355.00 target price on Everest Group in a report on Thursday, May 21st. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, Everest Group currently has an average rating of “Hold” and a consensus price target of $373.73.

Everest Group Stock Down 2.6%

NYSE EG opened at $343.17 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $13.58 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 0.55 and a beta of 0.35. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $368.29. The stock’s 50 day simple moving average is $340.01 and its 200 day simple moving average is $331.84.

Everest Group (NYSE:EG) last posted its quarterly earnings data 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 firm had revenue of $4.07 billion for the quarter. As a group, sell-side analysts forecast that Everest Group, Ltd. will post 52.58 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders 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 annualized dividend and a dividend yield of 2.3%. Everest Group’s payout ratio is presently 16.27%.

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.