State of Wyoming Invests $1.18 Million in Everest Group, Ltd. $EG

State of Wyoming bought a new position in Everest Group, Ltd. (NYSE:EG) during the 2nd quarter, Holdings Channel reports. The fund bought 3,305 shares of the company’s stock, valued at approximately $1,181,000.

Other hedge funds also recently bought and sold shares of the company. Trifecta Capital Advisors LLC bought a new position in Everest Group during the 2nd quarter valued at approximately $29,000. Activest Wealth Management purchased a new position in shares of Everest Group during the fourth quarter valued at approximately $34,000. Raiffeisen Bank International AG purchased a new position in Everest Group during the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. purchased a new position in shares of Everest Group during the fourth quarter valued at about $37,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Everest Group during the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EG shares. Weiss Ratings raised shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Citigroup raised their target price on shares of Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Wells Fargo & Company lifted their target price on shares of Everest Group from $373.00 to $396.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Morgan Stanley boosted their price target on Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Finally, Keefe, Bruyette & Woods upped their price target on Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $393.93.

Everest Group Stock Performance

Shares of Everest Group stock opened at $369.91 on Friday. The stock has a market cap of $14.18 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.73 and a beta of 0.29. The firm’s 50-day moving average is $363.11 and its 200 day moving average is $345.40. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $401.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, beating the consensus estimate of $14.52 by $0.33. The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.99 billion. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. Everest Group’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $16.10 EPS. Sell-side analysts anticipate that Everest Group, Ltd. will post 53.13 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. The ex-dividend date is Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.2%. Everest Group’s dividend payout ratio is presently 16.92%.

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.