Everest Group, Ltd. $EG Stock Holdings Increased by Allstate Corp

Allstate Corp grew its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 134.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,001 shares of the company’s stock after acquiring an additional 1,721 shares during the quarter. Allstate Corp’s holdings in Everest Group were worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EG. AQR Capital Management LLC raised its position in shares of Everest Group by 70.3% during the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after buying an additional 830,418 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Everest Group by 12,322.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after purchasing an additional 515,063 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Everest Group by 157.5% in the 3rd quarter. Alliancebernstein L.P. now owns 291,886 shares of the company’s stock worth $102,227,000 after purchasing an additional 178,536 shares during the last quarter. Causeway Capital Management LLC bought a new stake in shares of Everest Group in the 3rd quarter worth approximately $61,531,000. Finally, Vulcan Value Partners LLC lifted its stake in Everest Group by 13.9% during the third quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock valued at $496,514,000 after purchasing an additional 172,479 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EG. BMO Capital Markets increased their price objective on Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. Keefe, Bruyette & Woods boosted their price objective on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Citigroup lifted their target price on shares of Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Mizuho lifted their price objective on shares of Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research report on Friday, May 22nd. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Everest Group has an average rating of “Hold” and an average target price of $373.73.

Insider Buying and Selling at Everest Group

In related news, CEO Jason Keen sold 775 shares of the business’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 completion of the sale, the chief executive officer directly owned 8,170 shares in the company, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

Everest Group Price Performance

NYSE EG opened at $323.94 on Friday. 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 stock has a market capitalization of $12.82 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 0.51 and a beta of 0.35. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $368.29. The company has a 50 day moving average price of $340.31 and a two-hundred day moving average price of $331.83.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The company had revenue of $4.07 billion for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. As a group, equities analysts predict that Everest Group, Ltd. will post 52.62 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, June 12th. Everest Group’s dividend payout ratio is presently 16.27%.

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.