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

Shares of Everest Group, Ltd. (NYSE:EG) have been assigned an average recommendation of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $373.7333.

Several equities research analysts have issued reports on the company. Barclays lifted their price target on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. Morgan Stanley lifted their price target on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Keefe, Bruyette & Woods lifted their price target on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company lifted their price target on Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th.

Insider Buying and Selling at Everest Group

In other news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was 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 owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Everest Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in shares of Everest Group by 70.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after acquiring an additional 830,418 shares during the last quarter. State Street Corp lifted its stake in shares of Everest Group by 0.4% in the 4th quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after acquiring an additional 7,806 shares during the last quarter. Norges Bank bought a new stake in shares of Everest Group in the 4th quarter valued at about $630,277,000. Vulcan Value Partners LLC lifted its stake in shares of Everest Group by 6.5% in the 4th quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock valued at $512,288,000 after acquiring an additional 92,274 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Everest Group by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,170,210 shares of the company’s stock valued at $395,671,000 after acquiring an additional 4,978 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Trading Down 2.6%

Shares of EG stock opened at $343.17 on Thursday. 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 business has a 50-day moving average price of $340.01 and a two-hundred day moving average price of $331.84. Everest Group has a 12-month low of $302.44 and a 12-month high of $368.29. The firm has a market cap of $13.58 billion, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 0.55 and a beta of 0.35.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) 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. Equities analysts anticipate that Everest Group will post 52.58 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders 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 payout ratio is 16.27%.

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.