Everest Group (NYSE:EG) Reaches New 52-Week High – Here’s What Happened

Shares of Everest Group, Ltd. (NYSE:EG) reached a new 52-week high on Wednesday . The company traded as high as $379.22 and last traded at $373.7080, with a volume of 307711 shares. The stock had previously closed at $372.93.

Analyst Upgrades and Downgrades

EG has been the topic of several research analyst reports. 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 research note on Tuesday, April 14th. Morgan Stanley boosted their target price on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research report on Friday, May 22nd. Keefe, Bruyette & Woods raised their price target on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, BMO Capital Markets lifted their target price 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. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Everest Group has an average rating of “Hold” and an average price target of $373.29.

Everest Group Price Performance

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 company has a 50-day simple moving average of $346.09 and a 200-day simple moving average of $336.84. The stock has a market cap of $14.79 billion, a PE ratio of 7.60, a PEG ratio of 0.57 and a beta of 0.29.

Everest Group (NYSE:EG) 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. Sell-side analysts anticipate that Everest Group, Ltd. will post 52.72 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is 16.27%.

Insider Transactions at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value of $272,676.00. Following the sale, the chief executive officer owned 8,170 shares of the company’s stock, valued at $2,874,532.80. This represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EG. Activest Wealth Management acquired a new stake in Everest Group during the 4th quarter valued at $34,000. Raiffeisen Bank International AG acquired a new position in shares of Everest Group in the fourth quarter worth $34,000. Cullen Frost Bankers Inc. acquired a new position in shares of Everest Group in the fourth quarter worth $37,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Everest Group in the second quarter valued at $39,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Everest Group during the second quarter valued at $43,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

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.