New York State Teachers Retirement System Has $14.03 Million Holdings in Everest Group, Ltd. $EG

New York State Teachers Retirement System lifted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 8.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,929 shares of the company’s stock after purchasing an additional 3,282 shares during the period. New York State Teachers Retirement System’s holdings in Everest Group were worth $14,031,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EG. Causeway Capital Management LLC bought a new stake in Everest Group in the third quarter valued at approximately $61,531,000. Algebris UK Ltd. acquired a new stake in Everest Group during the 4th quarter worth $23,460,000. M&T Bank Corp lifted its holdings in Everest Group by 4,077.5% during the fourth quarter. M&T Bank Corp now owns 79,205 shares of the company’s stock worth $26,878,000 after acquiring an additional 77,309 shares in the last quarter. Danske Bank A S acquired a new position in Everest Group in the third quarter valued at about $35,547,000. Finally, Northwestern Mutual Wealth Management Co. grew its position 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 purchasing an additional 515,063 shares during the period. 92.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EG shares. Barclays raised their price objective on shares of Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Keefe, Bruyette & Woods upped their target price on shares of Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. UBS Group set a $355.00 target price on Everest Group in a report on Thursday, May 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. Finally, Morgan Stanley upped their price objective on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $370.07.

Insiders Place Their Bets

In other Everest Group news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total value of $272,676.00. Following the sale, the chief executive officer owned 8,170 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Everest Group Stock Performance

Shares of EG stock opened at $371.55 on Monday. The company’s fifty day simple moving average is $345.03 and its 200-day simple moving average is $336.20. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. The firm has a market cap of $14.70 billion, a PE ratio of 7.56, a P/E/G ratio of 0.57 and a beta of 0.29. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $372.36.

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. The business 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%. Equities research analysts expect that Everest Group, Ltd. will post 52.79 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is 16.27%.

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.