Everest Group, Ltd. $EG Stake Raised by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 40.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,401 shares of the company’s stock after acquiring an additional 3,827 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Everest Group were worth $4,380,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC grew its position in Everest Group by 2.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock valued at $571,000 after purchasing an additional 34 shares in the last quarter. Siemens Fonds Invest GmbH grew its holdings in shares of Everest Group by 3.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock valued at $364,000 after acquiring an additional 34 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Everest Group by 4.0% in the first quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after acquiring an additional 37 shares during the last quarter. Brown Brothers Harriman & Co. raised 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 acquiring an additional 37 shares in the last quarter. Finally, GenTrust LLC boosted its position in Everest Group by 4.8% during the fourth quarter. GenTrust LLC now owns 874 shares of the company’s stock valued at $297,000 after purchasing an additional 40 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Everest Group

In other news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $351.84, for a total value of $272,676.00. Following the transaction, the chief executive officer directly owned 8,170 shares in the company, valued at approximately $2,874,532.80. The trade was 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. Insiders own 0.70% of the company’s stock.

Everest Group Stock Up 2.6%

Shares of Everest Group stock opened at $382.76 on Friday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $385.69. The stock has a market capitalization of $15.15 billion, a P/E ratio of 7.78, a PEG ratio of 0.59 and a beta of 0.29. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average price of $349.83 and a two-hundred day moving average price of $338.94.

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 net margin of 11.76% and a return on equity of 14.70%. The business had revenue of $4.07 billion during the quarter. Equities analysts expect that Everest Group, Ltd. will post 52.88 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is currently 16.27%.

Wall Street Analyst Weigh In

EG has been the topic of several research reports. Cantor Fitzgerald upped their target price on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Atlantic Securities set a $484.00 price objective on Everest Group in a report on Wednesday. BMO Capital Markets lifted their target price on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research note on Thursday, May 14th. Keefe, Bruyette & Woods boosted their target price on shares of Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley raised their price target on shares of Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $387.73.

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.