2,100 Shares in Everest Group, Ltd. $EG Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Everest Group, Ltd. (NYSE:EG) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 2,100 shares of the company’s stock, valued at approximately $686,000.

Several other hedge funds also recently added to or reduced their stakes in EG. Bartlett & CO. Wealth Management LLC lifted its position in shares of 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 buying an additional 34 shares during the last quarter. Siemens Fonds Invest GmbH lifted its position in Everest Group by 3.3% in the fourth 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 during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Everest Group by 27.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock valued at $58,000 after acquiring an additional 37 shares in the last quarter. GenTrust LLC grew 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 last quarter. Finally, Center For Asset Management LLC increased its position in shares of Everest Group by 4.7% during the first quarter. Center For Asset Management LLC now owns 932 shares of the company’s stock worth $305,000 after purchasing an additional 42 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Stock Performance

NYSE EG traded up $3.56 on Tuesday, hitting $376.49. 11,742 shares of the company’s stock were exchanged, compared to its average volume of 379,616. The firm has a market cap of $14.90 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 0.57 and a beta of 0.29. The firm’s 50-day moving average price is $345.48 and its two-hundred day moving average price is $336.53. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $379.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The business had revenue of $4.07 billion during the quarter. On average, research analysts expect that Everest Group, Ltd. will post 52.79 EPS for the current year.

Everest Group Announces Dividend

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

Insider Activity at Everest Group

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EG. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. 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. Mizuho upped their price target on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Wells Fargo & Company increased their price target on Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, BMO Capital Markets lifted their price objective on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $373.29.

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.