Everest Group, Ltd. $EG Stock Holdings Cut by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. cut its position in shares of Everest Group, Ltd. (NYSE:EG) by 43.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,301 shares of the company’s stock after selling 1,763 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Everest Group were worth $822,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of EG. Trifecta Capital Advisors LLC bought a new position in Everest Group during the second quarter valued at about $29,000. Raiffeisen Bank International AG bought a new stake in Everest Group in the fourth quarter worth about $34,000. Cullen Frost Bankers Inc. bought a new stake in Everest Group in the fourth quarter worth about $37,000. CYBER HORNET ETFs LLC acquired a new stake in Everest Group in the 2nd quarter valued at about $39,000. Finally, MUFG Securities EMEA plc acquired a new stake in Everest Group in the 2nd quarter valued at about $43,000. Institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EG shares. BMO Capital Markets lifted their price objective on shares of Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th. Cantor Fitzgerald lifted their price objective on shares of Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Mizuho reduced their target price on Everest Group from $418.00 to $416.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Weiss Ratings raised Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Morgan Stanley lifted their price target on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $395.27.

Everest Group Price Performance

Shares of NYSE:EG opened at $380.55 on Friday. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 0.75 and a beta of 0.28. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year 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 business has a fifty day simple moving average of $373.81 and a 200 day simple moving average of $350.15.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share for the quarter. The company had revenue of $3.96 billion during the quarter. Everest Group had a return on equity of 13.63% and a net margin of 11.41%. As a group, sell-side analysts predict that Everest Group, Ltd. will post 53.28 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group’s dividend payout ratio (DPR) is presently 16.92%.

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.