Sepio Capital LP Purchases 1,774 Shares of Everest Group, Ltd. $EG

Sepio Capital LP boosted its position in Everest Group, Ltd. (NYSE:EG) by 39.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,299 shares of the company’s stock after purchasing an additional 1,774 shares during the period. Sepio Capital LP’s holdings in Everest Group were worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Bright Futures Wealth Management LLC. purchased a new position in shares of Everest Group during the third quarter worth approximately $589,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of Everest Group by 142.0% during the third 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 position in shares of Everest Group during the third quarter worth approximately $61,531,000. Vulcan Value Partners LLC increased its position in shares of Everest Group by 13.9% during the third quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock worth $496,514,000 after acquiring an additional 172,479 shares during the period. Finally, M&T Bank Corp increased its position in shares of Everest Group by 4,077.5% during the fourth quarter. M&T Bank Corp now owns 79,205 shares of the company’s stock worth $26,878,000 after acquiring an additional 77,309 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Stock Performance

Shares of EG stock opened at $336.26 on Friday. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 0.53 and a beta of 0.31. The company’s 50 day moving average is $341.48 and its 200 day moving average is $332.44. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $368.29.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. The company 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%. On average, sell-side analysts anticipate that Everest Group, Ltd. will post 52.62 EPS for the current fiscal year.

Everest Group Announces Dividend

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

Wall Street Analysts Forecast Growth

EG has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a research report on Thursday, May 14th. Wells Fargo & Company raised their target price on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Mizuho raised their target price on shares of Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley lifted their price objective 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. Finally, UBS Group set a $355.00 price objective on shares of Everest Group in a report on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Everest Group presently has a consensus rating of “Hold” and a consensus price target of $373.73.

Insider Transactions at Everest Group

In other Everest Group 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 value of $272,676.00. Following the transaction, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.