Everest Group, Ltd. $EG Shares Bought by Heartland Advisors Inc.

Heartland Advisors Inc. lifted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 22.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,299 shares of the company’s stock after acquiring an additional 4,713 shares during the quarter. Heartland Advisors Inc.’s holdings in Everest Group were worth $8,585,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Activest Wealth Management purchased a new stake in shares of Everest Group during the fourth quarter valued at $34,000. Cullen Frost Bankers Inc. purchased a new position in Everest Group in the 4th quarter worth about $37,000. CYBER HORNET ETFs LLC purchased a new position in Everest Group in the 2nd quarter worth about $39,000. MUFG Securities EMEA plc acquired a new stake in Everest Group during the 2nd quarter worth about $43,000. Finally, Brown Brothers Harriman & Co. raised its holdings in Everest Group by 57.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 134 shares of the company’s stock worth $47,000 after buying an additional 49 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Up 1.5%

Shares of Everest Group stock opened at $336.69 on Thursday. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 6.85, a P/E/G ratio of 0.52 and a beta of 0.31. The stock has a 50-day simple moving average of $341.29 and a 200-day simple moving average of $332.26. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $368.29. 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 EPS for the quarter. The firm had revenue of $4.07 billion for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. On average, equities research analysts expect that Everest Group, Ltd. will post 52.62 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $2.00 per share. The ex-dividend date is Friday, June 12th. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. Everest Group’s dividend payout ratio is 16.27%.

Wall Street Analyst Weigh In

Several brokerages have commented on EG. Bank of America raised their target price on shares of Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. UBS Group set a $355.00 price target on shares of Everest Group in a report on Thursday, May 21st. BMO Capital Markets upped their price target on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. Mizuho raised their price objective on shares of Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Everest Group has a consensus rating of “Hold” and a consensus price target of $373.73.

Insider Buying and Selling at Everest Group

In other 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Everest Group 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.