Everest Group, Ltd. $EG Shares Purchased by Nuance Investments LLC

Nuance Investments LLC boosted its holdings in Everest Group, Ltd. (NYSE:EG) by 67.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,966 shares of the company’s stock after buying an additional 22,473 shares during the quarter. Everest Group accounts for about 2.1% of Nuance Investments LLC’s investment portfolio, making the stock its 17th largest position. Nuance Investments LLC’s holdings in Everest Group were worth $18,992,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in EG. Bartlett & CO. Wealth Management LLC grew its position in Everest Group by 2.1% during the 4th 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. Wealthfront Advisers LLC boosted its position in shares of Everest Group by 2.8% in the third quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock worth $513,000 after buying an additional 40 shares during the period. GenTrust LLC boosted its position in shares of Everest Group by 4.8% in the fourth quarter. GenTrust LLC now owns 874 shares of the company’s stock worth $297,000 after buying an additional 40 shares during the period. BayBridge Capital Group LLC boosted its position in shares of Everest Group by 4.4% in the fourth quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company’s stock worth $345,000 after buying an additional 43 shares during the period. Finally, D.A. Davidson & CO. raised its position in Everest Group by 1.3% during the fourth quarter. D.A. Davidson & CO. now owns 3,451 shares of the company’s stock valued at $1,171,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

EG has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. BMO Capital Markets lifted their target price on Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research note on Thursday, May 14th. Wells Fargo & Company lifted their target price on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Bank of America lifted their target price on Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Finally, UBS Group set a $355.00 target price on shares of Everest Group in a research note on Thursday, May 21st. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $373.73.

Insider Activity

In related news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value of $272,676.00. Following the completion of the sale, the chief executive officer owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Everest Group Stock Up 4.7%

EG stock opened at $334.49 on Friday. 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, Ltd. has a 1 year low of $302.44 and a 1 year high of $368.29. The company has a fifty day simple moving average of $340.60 and a 200 day simple moving average of $331.75. The firm has a market cap of $13.24 billion, a PE ratio of 6.80, a PEG ratio of 0.50 and a beta of 0.31.

Everest Group (NYSE:EG) last released its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share (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 during the quarter. Sell-side analysts anticipate that Everest Group, Ltd. will post 52.62 EPS for the current fiscal year.

Everest Group Dividend Announcement

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

About Everest Group

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.