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

Shares of Everest Group, Ltd. (NYSE:EG) have been given an average recommendation of “Hold” by the sixteen research firms that are covering the firm, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $370.0714.

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. Morgan Stanley raised their price objective on Everest Group from $340.00 to $355.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. 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 research note on Wednesday, May 6th. Wells Fargo & Company increased their target price 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, Citigroup increased their target price on shares of Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th.

Insider Buying and Selling at Everest Group

In other news, CEO Jason Keen sold 775 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $351.84, for a total transaction of $272,676.00. Following the completion of the sale, the chief executive officer directly owned 8,170 shares in the company, valued at approximately $2,874,532.80. This represents a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Everest Group

A number of institutional investors have recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Everest Group by 2.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock worth $571,000 after purchasing an additional 34 shares during the period. Siemens Fonds Invest GmbH boosted its holdings in shares of Everest Group by 3.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock worth $364,000 after purchasing an additional 34 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of Everest Group by 4.0% during the first quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after purchasing an additional 37 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Everest Group by 27.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock worth $58,000 after purchasing an additional 37 shares during the period. Finally, GenTrust LLC boosted its holdings in shares of Everest Group by 4.8% during the fourth quarter. GenTrust LLC now owns 874 shares of the company’s stock worth $297,000 after purchasing an additional 40 shares during the period. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Stock Down 0.1%

Shares of NYSE:EG opened at $355.01 on Monday. The stock’s 50-day moving average price is $343.45 and its 200-day moving average price is $334.69. Everest Group has a 12-month low of $302.44 and a 12-month high of $368.29. The stock has a market capitalization of $14.05 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 0.54 and a beta of 0.31. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last announced its quarterly earnings data 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 firm had revenue of $4.07 billion for the quarter. On average, equities analysts anticipate that Everest Group will post 52.79 earnings per share for the current year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio is currently 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.