Everest Group, Ltd. (NYSE:EG) Given Average Rating of “Hold” by Analysts

Shares of Everest Group, Ltd. (NYSE:EG) have been given a consensus recommendation of “Hold” by the sixteen analysts that are presently covering the firm, Marketbeat reports. Twelve investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $387.7333.

EG has been the subject of several recent research reports. Cantor Fitzgerald boosted their price target on shares of Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Atlantic Securities set a $484.00 price objective on shares of Everest Group in a research note on Wednesday, July 15th. Mizuho lifted their price objective on shares of Everest Group from $388.00 to $418.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Evercore set a $375.00 price objective on shares of Everest Group in a research note on Friday, July 10th. Finally, BMO Capital Markets raised their price target on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th.

Everest Group Trading Up 0.7%

EG opened at $375.76 on Friday. The company has a market capitalization of $14.87 billion, a P/E ratio of 7.64, a PEG ratio of 0.58 and a beta of 0.29. 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 has a 52 week low of $302.44 and a 52 week high of $385.68. The stock’s fifty day moving average is $351.99 and its two-hundred day moving average is $339.97.

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 firm had revenue of $4.07 billion during the quarter. Analysts forecast that Everest Group will post 52.86 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a yield of 2.1%. Everest Group’s dividend payout ratio is presently 16.27%.

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value 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 trade represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Institutional Trading of Everest Group

Several hedge funds and other institutional investors have recently made changes to their positions in EG. Activest Wealth Management purchased a new position in Everest Group during the 4th quarter worth $34,000. Raiffeisen Bank International AG acquired a new stake in Everest Group in the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. purchased a new stake in Everest Group during the 4th quarter worth approximately $37,000. CYBER HORNET ETFs LLC purchased a new stake in Everest Group during the 2nd quarter worth approximately $39,000. Finally, MUFG Securities EMEA plc acquired a new position in Everest Group during the 2nd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 92.64% 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.