Everest Group, Ltd. (NYSE:EG) Receives Average Rating of “Hold” from Brokerages

Shares of Everest Group, Ltd. (NYSE:EG) have received an average recommendation of “Hold” from the sixteen research firms that are covering the firm, MarketBeat reports. Twelve investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $393.9333.

EG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. BMO Capital Markets increased their target price on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. Citigroup raised their target price on shares of Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Evercore set a $377.00 price target on shares of Everest Group in a research note on Thursday, July 30th. Finally, Atlantic Securities set a $484.00 price objective on shares of Everest Group in a research note on Wednesday, July 15th.

Institutional Investors Weigh In On Everest Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Everest Group in the second quarter valued at $1,150,555,000. AQR Capital Management LLC raised its position in shares of Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after purchasing an additional 830,418 shares during the period. State Street Corp lifted its holdings in shares of Everest Group by 0.4% during the fourth quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after purchasing an additional 7,806 shares during the last quarter. Norges Bank acquired a new position in shares of Everest Group in the 4th quarter valued at $630,277,000. Finally, Vulcan Value Partners LLC increased its stake in Everest Group by 6.5% in the 4th quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock worth $512,288,000 after purchasing an additional 92,274 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Price Performance

NYSE EG opened at $365.02 on Tuesday. Everest Group has a 52 week low of $302.44 and a 52 week high of $401.07. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 0.73 and a beta of 0.29. The company has a 50-day moving average price of $363.79 and a two-hundred day moving average price of $345.82.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, beating analysts’ consensus estimates of $14.52 by $0.33. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the company posted $16.10 earnings per share. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. Analysts forecast that Everest Group will post 53.13 EPS for the current year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $8.00 annualized dividend and a yield of 2.2%. Everest Group’s dividend payout ratio (DPR) is currently 16.92%.

About Everest Group

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.