Geode Capital Management LLC Grows Holdings in Everest Group, Ltd. $EG

Geode Capital Management LLC grew its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,170,210 shares of the company’s stock after buying an additional 4,978 shares during the quarter. Geode Capital Management LLC’s holdings in Everest Group were worth $395,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EG. Geneos Wealth Management Inc. boosted its stake in shares of Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after buying an additional 90 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Everest Group during the 2nd quarter valued at approximately $384,000. Marshall Wace LLP purchased a new position in shares of Everest Group during the 2nd quarter valued at approximately $238,000. Jump Financial LLC purchased a new position in shares of Everest Group during the 2nd quarter valued at approximately $1,510,000. Finally, Federated Hermes Inc. boosted its stake in shares of Everest Group by 3.7% during the 2nd quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after buying an additional 510 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EG has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their target price on Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Wells Fargo & Company raised their price objective 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. Morgan Stanley raised their price objective 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. BMO Capital Markets raised their price objective on Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th. Finally, Barclays raised their price objective on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $373.73.

Everest Group Stock Performance

EG stock opened at $323.94 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 0.51 and a beta of 0.31. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $368.29. The stock’s fifty day moving average is $340.31 and its two-hundred day moving average is $331.86.

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

Everest Group Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a yield of 2.5%. Everest Group’s dividend payout ratio (DPR) is presently 16.27%.

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction 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. This trade represents a 8.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Everest Group Company 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.