Everest Group, Ltd. $EG Shares Sold by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC trimmed its holdings in Everest Group, Ltd. (NYSE:EG) by 15.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,450 shares of the company’s stock after selling 1,559 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Everest Group were worth $2,867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Root Financial Partners LLC purchased a new position in Everest Group during the 3rd quarter valued at about $30,000. Activest Wealth Management purchased a new position in Everest Group during the 4th quarter valued at about $34,000. UMB Bank n.a. grew its stake in Everest Group by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after acquiring an additional 48 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Everest Group during the 4th quarter valued at about $37,000. Finally, CYBER HORNET ETFs LLC purchased a new position in Everest Group during the 2nd quarter valued at about $39,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Down 2.6%

Shares of Everest Group stock opened at $343.17 on Thursday. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 6.98, a P/E/G ratio of 0.55 and a beta of 0.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $368.29. The stock has a 50-day simple moving average of $340.01 and a 200-day simple moving average of $331.84.

Everest Group (NYSE:EG) last announced its quarterly 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 during the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. On average, equities research analysts expect that Everest Group, Ltd. will post 52.58 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is presently 16.27%.

Insider Buying and Selling at Everest Group

In related news, CEO Jason Keen sold 775 shares of the firm’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 transaction, the chief executive officer directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. BMO Capital Markets lifted their target price on Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research note on Thursday, May 14th. Barclays lifted their target price on Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Morgan Stanley lifted their target price on Everest Group from $340.00 to $355.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Finally, Mizuho lifted their price target on Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $373.73.

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.