Sivia Capital Partners LLC Sells 1,626 Shares of Everest Group, Ltd. $EG

Sivia Capital Partners LLC reduced its position in Everest Group, Ltd. (NYSE:EG) by 68.0% during the fourth quarter, HoldingsChannel reports. The firm owned 766 shares of the company’s stock after selling 1,626 shares during the period. Sivia Capital Partners LLC’s holdings in Everest Group were worth $260,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bright Futures Wealth Management LLC. bought a new stake in shares of Everest Group in the 3rd quarter valued at $589,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Everest Group by 142.0% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 118,187 shares of the company’s stock valued at $41,393,000 after purchasing an additional 69,346 shares during the last quarter. Causeway Capital Management LLC bought a new stake in shares of Everest Group in the 3rd quarter valued at $61,531,000. Vulcan Value Partners LLC boosted its stake in shares of Everest Group by 13.9% in the 3rd quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock valued at $496,514,000 after purchasing an additional 172,479 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Everest Group by 4,077.5% in the 4th quarter. M&T Bank Corp now owns 79,205 shares of the company’s stock valued at $26,878,000 after purchasing an additional 77,309 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Up 4.7%

Everest Group stock opened at $334.49 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $368.29. The firm’s fifty day moving average is $340.60 and its 200 day moving average is $331.75. The company has a market capitalization of $13.24 billion, a PE ratio of 6.80, a PEG ratio of 0.53 and a beta of 0.31.

Everest Group (NYSE:EG) last released its earnings results 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 company had revenue of $4.07 billion for the quarter. As a group, sell-side analysts predict that Everest Group, Ltd. will post 52.62 EPS for the current fiscal year.

Everest Group Announces Dividend

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

Insiders Place Their Bets

In other Everest Group 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 owned 8,170 shares in the company, 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EG. Barclays upped their price objective on shares of Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods upped their price objective on shares of Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Bank of America boosted their target price on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Citigroup boosted their target price on shares of Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Finally, Morgan Stanley boosted their target price on shares of Everest Group from $340.00 to $355.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Everest Group has a consensus rating of “Hold” and an average target price of $373.73.

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.