Waverly Advisors LLC Has $8.03 Million Stock Holdings in Everest Group, Ltd. $EG

Waverly Advisors LLC lowered its position in shares of Everest Group, Ltd. (NYSE:EG) by 11.1% in the first quarter, HoldingsChannel reports. The fund owned 24,559 shares of the company’s stock after selling 3,057 shares during the period. Waverly Advisors LLC’s holdings in Everest Group were worth $8,027,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Everest Group by 70.3% in the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after purchasing an additional 830,418 shares in the last quarter. State Street Corp grew its holdings in shares of Everest Group by 0.4% in the 4th quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after acquiring an additional 7,806 shares in the last quarter. Norges Bank acquired a new stake in shares of Everest Group in the fourth quarter valued at about $630,277,000. Vulcan Value Partners LLC increased its position in shares of Everest Group by 6.5% in the fourth quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock valued at $512,288,000 after acquiring an additional 92,274 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Everest Group by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,170,210 shares of the company’s stock valued at $395,671,000 after acquiring an additional 4,978 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on EG. Keefe, Bruyette & Woods increased their price target on Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. UBS Group set a $355.00 price target on Everest Group in a research report on Thursday, May 21st. Wells Fargo & Company upped their price objective on Everest Group from $356.00 to $373.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Morgan Stanley increased their price objective on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Finally, Bank of America raised their target price on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $387.73.

Everest Group Stock Performance

NYSE EG opened at $389.65 on Tuesday. The firm has a 50-day moving average of $353.34 and a 200-day moving average of $340.69. 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 market cap of $15.42 billion, a PE ratio of 7.92, a P/E/G ratio of 0.60 and a beta of 0.29. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $390.53.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, March 23rd. The company reported $16.08 EPS 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 for the quarter. On average, sell-side analysts anticipate that Everest Group, Ltd. will post 52.86 EPS for the current year.

Everest Group Announces Dividend

The company also recently disclosed 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 2.1%. The ex-dividend date was Friday, June 12th. Everest Group’s payout ratio is currently 16.27%.

Insider Activity

In other news, CEO Jason Keen sold 775 shares of the company’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 value of $272,676.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.

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.