Everest Group, Ltd. $EG Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP increased its stake in Everest Group, Ltd. (NYSE:EG) by 3.3% in the 1st quarter, HoldingsChannel reports. The fund owned 119,974 shares of the company’s stock after acquiring an additional 3,826 shares during the period. Systematic Financial Management LP’s holdings in Everest Group were worth $39,214,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Algebris UK Ltd. purchased a new stake in Everest Group in the 4th quarter valued at approximately $23,460,000. M&T Bank Corp raised its stake in shares of Everest Group by 4,077.5% during the 4th quarter. M&T Bank Corp now owns 79,205 shares of the company’s stock worth $26,878,000 after buying an additional 77,309 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Everest Group by 598.3% in the 4th quarter. SG Americas Securities LLC now owns 34,112 shares of the company’s stock valued at $11,576,000 after buying an additional 29,227 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Everest Group by 12,322.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after buying an additional 515,063 shares during the period. Finally, National Pension Service boosted its stake in shares of Everest Group by 13.2% in the fourth quarter. National Pension Service now owns 44,113 shares of the company’s stock valued at $14,970,000 after buying an additional 5,157 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Performance

NYSE EG opened at $375.76 on Friday. The business has a 50 day moving average price of $351.99 and a 200 day moving average price of $339.97. The company has a market capitalization of $14.87 billion, a P/E ratio of 7.64, a PEG ratio of 0.58 and a beta of 0.29. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $385.68. 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 earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The company had revenue of $4.07 billion for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. Sell-side analysts expect that Everest Group, Ltd. will post 52.86 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $2.00 per share. 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 payout ratio is 16.27%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EG. Atlantic Securities set a $484.00 price objective on Everest Group in a report on Wednesday, July 15th. Evercore set a $375.00 target price on Everest Group in a report on Friday, July 10th. Wells Fargo & Company boosted their target price on shares of Everest Group from $356.00 to $373.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Weiss Ratings raised shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, Barclays increased their price target on shares of Everest Group from $380.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Everest Group presently has an average rating of “Hold” and a consensus target price of $387.73.

Insider Activity at Everest Group

In related news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value of $272,676.00. Following the sale, the chief executive officer directly owned 8,170 shares in the company, valued at $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is 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.