Tredje AP fonden Decreases Holdings in Everest Group, Ltd. $EG

Tredje AP fonden decreased its position in shares of Everest Group, Ltd. (NYSE:EG) by 51.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,758 shares of the company’s stock after selling 6,112 shares during the period. Tredje AP fonden’s holdings in Everest Group were worth $1,954,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Everest Group in the third quarter worth $30,000. Activest Wealth Management purchased a new position in shares of Everest Group in the fourth quarter worth $34,000. UMB Bank n.a. raised its holdings in shares of Everest Group by 81.4% in the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock worth $37,000 after buying an additional 48 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Everest Group in the second quarter worth $39,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Everest Group in the second quarter worth $43,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Mizuho raised their price target on shares of Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Morgan Stanley set a $340.00 price target on shares of Everest Group in a report on Thursday, May 7th. Wells Fargo & Company raised their price target on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, UBS Group increased their price objective on shares of Everest Group from $370.00 to $374.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Everest Group has an average rating of “Hold” and a consensus price target of $374.00.

Everest Group Stock Up 0.4%

NYSE:EG opened at $358.41 on Thursday. The firm has a market capitalization of $14.18 billion, a P/E ratio of 7.29, a PEG ratio of 0.27 and a beta of 0.35. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $368.29. The company’s fifty day moving average price is $337.12 and its 200-day moving average price is $330.64. 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 (NYSE:EG) last released its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The firm 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%. As a group, equities research analysts anticipate that Everest Group, Ltd. will post 52.71 EPS for the current year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is currently 16.27%.

Insider Buying and Selling

In related news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total transaction of $272,676.00. Following the sale, the chief executive officer owned 8,170 shares in the company, valued at approximately $2,874,532.80. This trade represents a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

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.