Baader Bank Aktiengesellschaft Invests $541,000 in Everest Group, Ltd. $EG

Baader Bank Aktiengesellschaft acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) during the 4th quarter, Holdings Channel reports. The fund acquired 1,596 shares of the company’s stock, valued at approximately $541,000.

Several other hedge funds have also made changes to their positions in the business. Strategic Family Wealth Counselors L.L.C. acquired a new stake in shares of Everest Group during the fourth quarter worth $229,000. Ameritas Advisory Services LLC purchased a new position in shares of Everest Group in the 4th quarter worth $718,000. Independent Advisor Alliance raised its position in shares of Everest Group by 26.4% in the 4th quarter. Independent Advisor Alliance now owns 2,664 shares of the company’s stock worth $904,000 after buying an additional 557 shares during the period. Swiss Life Asset Management Ltd raised its position in shares of Everest Group by 2.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 7,833 shares of the company’s stock worth $2,658,000 after buying an additional 184 shares during the period. Finally, NewEdge Wealth LLC purchased a new position in shares of Everest Group in the 4th quarter worth $241,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 1.0%

NYSE:EG opened at $351.45 on Friday. The business’s 50-day moving average is $335.60 and its two-hundred day moving average is $329.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $368.29. The firm has a market capitalization of $13.91 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 0.26 and a beta of 0.35.

Everest Group (NYSE:EG) last released its quarterly earnings data on Monday, March 23rd. The company reported $16.08 EPS for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The company had revenue of $4.07 billion for the quarter. Research analysts predict that Everest Group, Ltd. will post 52.71 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a $2.00 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $8.00 annualized dividend and a yield of 2.3%. Everest Group’s dividend payout ratio (DPR) is 16.27%.

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was 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 $2,874,532.80. This trade represents a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup increased their target price on Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company increased their target price on Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods increased their target price on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Morgan Stanley set a $340.00 target price on Everest Group in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $374.00.

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.