Everest Group, Ltd. (NYSE:EG) Receives Average Rating of “Hold” from Brokerages

Shares of Everest Group, Ltd. (NYSE:EG) have earned a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $373.7333.

A number of brokerages recently commented on EG. BMO Capital Markets raised their price target on Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th. Morgan Stanley raised their price target on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Mizuho raised their price target on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. UBS Group set a $355.00 price target on Everest Group in a research note on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EG. Norges Bank bought a new position in shares of Everest Group in the 4th quarter worth approximately $630,277,000. AQR Capital Management LLC raised its position in shares of Everest Group by 70.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after acquiring an additional 830,418 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Everest Group by 12,322.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock worth $176,205,000 after acquiring an additional 515,063 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Everest Group by 507.4% in the 1st quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock worth $147,102,000 after acquiring an additional 375,846 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Everest Group by 181.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 498,697 shares of the company’s stock worth $169,233,000 after acquiring an additional 321,376 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Trading Down 2.6%

NYSE EG opened at $343.17 on Thursday. Everest Group has a fifty-two week low of $302.44 and a fifty-two week high of $368.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a 50 day simple moving average of $340.01 and a two-hundred day simple moving average of $331.84. The stock has a market cap of $13.58 billion, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 0.55 and a beta of 0.35.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The firm had revenue of $4.07 billion for the quarter. On average, analysts forecast that Everest Group will post 52.58 earnings per share for the current year.

Everest Group Announces Dividend

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

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.