Lmcg Investments LLC Has $12.04 Million Stock Holdings in Everest Group, Ltd. $EG

Lmcg Investments LLC raised its stake in Everest Group, Ltd. (NYSE:EG) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,835 shares of the company’s stock after purchasing an additional 1,992 shares during the period. Lmcg Investments LLC owned 0.07% of Everest Group worth $12,040,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC grew its stake in shares of Everest Group by 2.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock valued at $571,000 after buying an additional 34 shares during the period. Siemens Fonds Invest GmbH raised its stake in Everest Group by 3.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock worth $364,000 after buying an additional 34 shares during the period. V Square Quantitative Management LLC raised its stake in Everest Group by 4.0% during the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after buying an additional 37 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Everest Group by 27.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock worth $58,000 after acquiring an additional 37 shares in the last quarter. Finally, GenTrust LLC boosted its holdings in Everest Group by 4.8% in the fourth quarter. GenTrust LLC now owns 874 shares of the company’s stock worth $297,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Activity

In other 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 value of $272,676.00. Following the completion of the sale, the chief executive officer owned 8,170 shares in the company, valued at $2,874,532.80. This represents a 8.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by insiders.

Everest Group Stock Performance

Shares of Everest Group stock opened at $371.61 on Thursday. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $379.21. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $346.65 and a 200-day moving average price of $337.12. The company has a market cap of $14.70 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.57 and a beta of 0.29.

Everest Group (NYSE:EG) last announced its earnings results 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 return on equity of 14.70% and a net margin of 11.76%. Equities analysts anticipate that Everest Group, Ltd. will post 52.77 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, June 12th. Everest Group’s payout ratio is currently 16.27%.

Analyst Upgrades and Downgrades

EG has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price objective on Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research report on Friday, May 22nd. Wells Fargo & Company boosted their price target on shares of Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. UBS Group set a $355.00 price objective on shares of Everest Group in a report on Thursday, May 21st. Finally, Citigroup raised their price objective on shares of Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $373.50.

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.