Everest Group (NYSE:EG) Trading Up 4.7% – Here’s Why

Everest Group, Ltd. (NYSE:EG) shares were up 4.7% during mid-day trading on Friday . The company traded as high as $335.70 and last traded at $334.42. Approximately 518,795 shares were traded during trading, an increase of 43% from the average daily volume of 363,634 shares. The stock had previously closed at $319.50.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EG shares. BMO Capital Markets increased their price objective on Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Barclays upped their target price on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. UBS Group set a $355.00 target price on Everest Group in a research note on Thursday, May 21st. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. Finally, Citigroup upped their target price on Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $373.73.

Everest Group Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $13.24 billion, a P/E ratio of 6.80, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31. The firm has a 50-day moving average price of $340.60 and a 200 day moving average price of $331.75.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The firm 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%. On average, analysts expect that Everest Group, Ltd. will post 52.62 EPS for the current year.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors 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 currently 16.27%.

Insiders Place Their Bets

In related news, CEO Jason Keen sold 775 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction of $272,676.00. Following the completion of the sale, the chief executive officer directly owned 8,170 shares in the company, valued at $2,874,532.80. This represents a 8.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Everest Group

Several institutional investors have recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC boosted its holdings 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 valued at $571,000 after acquiring an additional 34 shares during the period. Siemens Fonds Invest GmbH lifted its holdings in Everest Group by 3.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock worth $364,000 after buying an additional 34 shares during the period. V Square Quantitative Management LLC grew its position in shares of Everest Group by 4.0% in the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after buying an additional 37 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Everest Group by 27.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock worth $58,000 after buying an additional 37 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of Everest Group by 2.8% in the 3rd 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 last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

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.