Everest Group, Ltd. $EG Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its stake in Everest Group, Ltd. (NYSE:EG) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,721 shares of the company’s stock after acquiring an additional 32,260 shares during the quarter. BNP Paribas Financial Markets owned about 0.32% of Everest Group worth $45,039,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Activest Wealth Management acquired a new position in Everest Group in the 4th quarter worth $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 purchasing an additional 48 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Everest Group during the 4th quarter worth approximately $37,000. CYBER HORNET ETFs LLC acquired a new position in shares of Everest Group in the 2nd quarter valued at approximately $39,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Everest Group during the second quarter worth approximately $43,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Price Performance

Shares of NYSE EG opened at $321.11 on Wednesday. The stock has a market cap of $12.71 billion, a P/E ratio of 6.53, a P/E/G ratio of 0.51 and a beta of 0.31. The firm’s 50-day simple moving average is $340.51 and its 200 day simple moving average is $331.87. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $368.29. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last announced its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The firm had revenue of $4.07 billion during the quarter. Equities analysts expect that Everest Group, Ltd. will post 52.62 EPS for the current 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 dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is currently 16.27%.

Analysts Set New Price Targets

EG has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a report on Friday, May 22nd. Mizuho lifted their price target on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. BMO Capital Markets boosted their price objective on Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Citigroup upped their price objective on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $373.73.

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of the company’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 $2,874,532.80. This represents a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

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.