General American Investors Co. Inc. Has $43.84 Million Position in Everest Group, Ltd. $EG

General American Investors Co. Inc. reduced its stake in Everest Group, Ltd. (NYSE:EG) by 10.5% during the fourth quarter, HoldingsChannel reports. The firm owned 129,196 shares of the company’s stock after selling 15,090 shares during the quarter. Everest Group accounts for about 2.5% of General American Investors Co. Inc.’s investment portfolio, making the stock its 11th largest holding. General American Investors Co. Inc.’s holdings in Everest Group were worth $43,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Everest Group by 2.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock valued at $571,000 after purchasing an additional 34 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Everest Group by 27.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock valued at $58,000 after buying an additional 37 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in Everest Group by 2.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock valued at $513,000 after buying an additional 40 shares during the last quarter. GenTrust LLC raised its holdings in Everest Group by 4.8% in the 4th quarter. GenTrust LLC now owns 874 shares of the company’s stock valued at $297,000 after buying an additional 40 shares during the last quarter. Finally, BayBridge Capital Group LLC raised its holdings in Everest Group by 4.4% in the 4th quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company’s stock valued at $345,000 after buying an additional 43 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Up 0.9%

Everest Group stock opened at $339.34 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 $341.79 and its 200 day moving average is $332.49. The company has a market capitalization of $13.43 billion, a PE ratio of 6.90, a PEG ratio of 0.52 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 52.79 EPS for the current fiscal year.

Everest Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a report on Friday, May 22nd. Barclays raised their price objective on shares of Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Morgan Stanley raised their price objective on shares of Everest Group from $340.00 to $355.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Finally, Bank of America raised their price objective on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Everest Group has an average rating of “Hold” and an average price target of $373.73.

Insider Buying and Selling

In other Everest Group 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 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. The trade was a 8.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

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.