Continuum Advisory LLC Acquires 1,923 Shares of Everest Group, Ltd. $EG

Continuum Advisory LLC boosted its stake in Everest Group, Ltd. (NYSE:EG) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,679 shares of the company’s stock after purchasing an additional 1,923 shares during the quarter. Continuum Advisory LLC’s holdings in Everest Group were worth $5,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its stake in Everest Group by 7.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 20,654 shares of the company’s stock worth $7,009,000 after purchasing an additional 1,359 shares during the period. Lido Advisors LLC boosted its stake in Everest Group by 6.4% in the 4th quarter. Lido Advisors LLC now owns 798 shares of the company’s stock worth $279,000 after purchasing an additional 48 shares during the period. Anchor Capital Advisors LLC boosted its stake in Everest Group by 8.3% in the 4th quarter. Anchor Capital Advisors LLC now owns 8,105 shares of the company’s stock worth $2,751,000 after purchasing an additional 619 shares during the period. CIBC Asset Management Inc boosted its stake in Everest Group by 66.3% in the 4th quarter. CIBC Asset Management Inc now owns 9,919 shares of the company’s stock worth $3,366,000 after purchasing an additional 3,955 shares during the period. Finally, New Mexico Educational Retirement Board boosted its stake in Everest Group by 5.3% in the 4th quarter. New Mexico Educational Retirement Board now owns 2,000 shares of the company’s stock worth $679,000 after purchasing an additional 100 shares during the period. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the subject of several analyst reports. Mizuho raised their target price on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Keefe, Bruyette & Woods raised their target price on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. Morgan Stanley raised their target price 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. Finally, Wells Fargo & Company raised their target price 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. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, Everest Group currently has an average rating of “Hold” and an average target price of $373.73.

Everest Group Stock Performance

NYSE:EG opened at $319.37 on Friday. The business’s 50-day moving average price is $340.38 and its two-hundred day moving average price is $331.73. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $368.29. The stock has a market cap of $12.64 billion, a P/E ratio of 6.50, a PEG ratio of 0.50 and a beta of 0.31. 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 released its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share 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 for the quarter. As a group, equities analysts predict that Everest Group, Ltd. will post 52.62 EPS for the current fiscal year.

Everest Group Dividend Announcement

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

Insider Buying and Selling at Everest Group

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 value of $272,676.00. Following the sale, the chief executive officer owned 8,170 shares of the company’s stock, valued at $2,874,532.80. This trade represents a 8.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by insiders.

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.