SG Americas Securities LLC Raises Stock Position in Everest Group, Ltd. $EG

SG Americas Securities LLC increased its position in shares of Everest Group, Ltd. (NYSE:EG) by 63.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,706 shares of the company’s stock after acquiring an additional 21,594 shares during the period. SG Americas Securities LLC’s holdings in Everest Group were worth $18,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management bought a new position in Everest Group in the 4th quarter valued at $34,000. Raiffeisen Bank International AG purchased a new stake in shares of Everest Group in the fourth quarter worth $34,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Everest Group in the fourth quarter worth $37,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Everest Group in the second quarter worth $39,000. Finally, MUFG Securities EMEA plc bought a new stake in Everest Group during the second quarter valued at $43,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Price Performance

Shares of Everest Group stock opened at $342.29 on Friday. The business’s 50 day simple moving average is $343.27 and its two-hundred day simple moving average is $334.36. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $368.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $13.54 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31.

Everest Group (NYSE:EG) last released its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share 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. Analysts forecast that Everest Group, Ltd. will post 52.79 EPS for the current year.

Everest Group Dividend Announcement

The company 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 $2.00 dividend. The ex-dividend date is Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a yield of 2.3%. Everest Group’s dividend payout ratio is 16.27%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Citigroup boosted their target price on Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Barclays upped their price objective on shares of Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. 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 research report on Tuesday, April 14th. Morgan Stanley lifted their price objective on shares of Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Finally, BMO Capital Markets upped their target price on shares of Everest Group from $366.00 to $376.00 and gave the stock 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 assigned a Hold rating to the stock. Based on data from MarketBeat, Everest Group presently has a consensus rating of “Hold” and a consensus price target of $370.07.

Insider Transactions at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. This trade represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

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.