New Age Alpha Advisors LLC Lowers Position in Everest Group, Ltd. $EG

New Age Alpha Advisors LLC lowered its holdings in Everest Group, Ltd. (NYSE:EG) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,805 shares of the company’s stock after selling 1,938 shares during the period. New Age Alpha Advisors LLC’s holdings in Everest Group were worth $5,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Everest Group in the 3rd quarter valued at about $30,000. Activest Wealth Management purchased a new stake in shares of Everest Group in the 4th quarter valued at about $34,000. UMB Bank n.a. raised its holdings in shares of Everest Group by 81.4% in the 3rd quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after acquiring an additional 48 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Everest Group in the 4th quarter valued at about $37,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Everest Group during the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Price Performance

EG opened at $352.76 on Tuesday. The stock’s 50 day simple moving average is $338.93 and its 200 day simple moving average is $331.46. 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 1 year low of $302.44 and a 1 year high of $368.29. The firm has a market cap of $13.96 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.55 and a beta of 0.35.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) 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. As a group, analysts predict that Everest Group, Ltd. will post 52.58 earnings per share for the current year.

Everest Group Dividend Announcement

The business 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 2.3%. The ex-dividend date is Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is presently 16.27%.

Insider Transactions at Everest Group

In related news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction of $272,676.00. Following the transaction, the chief executive officer directly owned 8,170 shares in the company, valued at $2,874,532.80. This trade represents a 8.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Barclays raised their price objective on Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Keefe, Bruyette & Woods raised their price objective on Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Mizuho raised their price objective on Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, UBS Group set a $355.00 price objective on Everest Group in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $373.73.

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.