Everest Group, Ltd. $EG Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in shares of Everest Group, Ltd. (NYSE:EG) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 267,138 shares of the company’s stock after selling 15,804 shares during the quarter. Legal & General Group Plc owned approximately 0.64% of Everest Group worth $90,653,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of EG. Activest Wealth Management acquired a new stake in Everest Group during the fourth quarter worth approximately $34,000. UMB Bank n.a. boosted its position in Everest Group by 81.4% during the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock worth $37,000 after acquiring an additional 48 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Everest Group during the fourth quarter worth approximately $37,000. CYBER HORNET ETFs LLC acquired a new position in shares of Everest Group in the 2nd quarter valued at $39,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Everest Group in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Performance

NYSE:EG opened at $323.94 on Friday. 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 $12.82 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 0.52 and a beta of 0.35. The firm’s fifty day simple moving average is $340.31 and its 200 day simple moving average is $331.83. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $368.29.

Everest Group (NYSE:EG) last posted its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The business had revenue of $4.07 billion for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. As a group, equities research analysts expect that Everest Group, Ltd. will post 52.62 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. Investors of record on Friday, June 12th will be issued 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 2.5%. Everest Group’s payout ratio is presently 16.27%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EG. BMO Capital Markets lifted their price target on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a report on Friday, May 22nd. Barclays lifted their price target on shares of Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. UBS Group set a $355.00 price target on shares of Everest Group in a report on Thursday, May 21st. Finally, Morgan Stanley lifted their price target on shares of Everest Group from $340.00 to $355.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $373.73.

Insider Buying and Selling at Everest Group

In related news, CEO Jason Keen sold 775 shares of Everest Group 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Everest Group Company 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.