Everest Group, Ltd. $EG Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC lowered its position in Everest Group, Ltd. (NYSE:EG) by 45.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,469 shares of the company’s stock after selling 2,058 shares during the period. Krilogy Financial LLC’s holdings in Everest Group were worth $808,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EG. Darwin Wealth Management LLC increased its stake in shares of Everest Group by 6.2% during the third quarter. Darwin Wealth Management LLC now owns 568 shares of the company’s stock worth $199,000 after purchasing an additional 33 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its stake 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 in the last quarter. Trail Ridge Investment Advisors LLC increased its stake in shares of Everest Group by 3.3% during the third quarter. Trail Ridge Investment Advisors LLC now owns 1,236 shares of the company’s stock worth $433,000 after purchasing an additional 40 shares in the last quarter. Wealthfront Advisers LLC increased its stake in shares of Everest Group by 2.8% during the third quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock worth $513,000 after purchasing an additional 40 shares in the last quarter. Finally, BayBridge Capital Group LLC increased its stake in shares of Everest Group by 4.4% during the fourth quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company’s stock worth $345,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of research reports. Evercore set a $365.00 target price on shares of Everest Group in a research note on Wednesday, January 7th. Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Cantor Fitzgerald cut their target price on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Finally, Bank of America boosted their target price on shares of Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Everest Group currently has an average rating of “Hold” and a consensus target price of $366.14.

Everest Group Stock Down 1.3%

Shares of NYSE EG opened at $345.13 on Thursday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $368.29. The stock has a market cap of $17.17 billion, a PE ratio of 9.12, a P/E/G ratio of 0.26 and a beta of 0.34. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $332.47 and a 200 day moving average of $329.97.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Thursday, February 5th. The company reported $13.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $13.36 by ($0.10). Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The business had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the company posted ($18.39) EPS. The firm’s revenue was down 4.6% on a year-over-year basis. As a group, sell-side analysts predict that Everest Group, Ltd. will post 52.99 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, March 13th. Everest Group’s dividend payout ratio is currently 21.13%.

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.