Aigen Investment Management LP Takes $731,000 Position in Everest Group, Ltd. $EG

Aigen Investment Management LP acquired a new stake in Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,153 shares of the company’s stock, valued at approximately $731,000.

Several other large investors have also bought and sold shares of EG. Norges Bank acquired a new position in Everest Group in the fourth quarter valued at approximately $630,277,000. AQR Capital Management LLC lifted its holdings in Everest Group by 70.3% in the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after buying an additional 830,418 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Everest Group by 12,322.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after buying an additional 515,063 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in Everest Group by 622.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 346,305 shares of the company’s stock valued at $117,519,000 after buying an additional 298,391 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Everest Group by 157.5% in the third quarter. Alliancebernstein L.P. now owns 291,886 shares of the company’s stock valued at $102,227,000 after buying an additional 178,536 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Price Performance

Shares of NYSE EG opened at $339.34 on Monday. The firm has a market cap of $13.43 billion, a PE ratio of 6.90, a PEG ratio of 0.52 and a beta of 0.31. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $368.29. The company has a fifty day moving average price of $341.79 and a 200 day moving average price of $332.64.

Everest Group (NYSE:EG) last released its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. The firm had revenue of $4.07 billion during the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. Research analysts predict that Everest Group, Ltd. will post 52.79 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, June 12th. Everest Group’s dividend payout ratio is 16.27%.

Insider Transactions at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of the 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 transaction, the chief executive officer owned 8,170 shares in the company, valued at approximately $2,874,532.80. This represents a 8.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EG shares. Morgan Stanley increased their price objective on shares of Everest Group from $340.00 to $355.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. UBS Group set a $355.00 price objective on shares of Everest Group in a report on Thursday, May 21st. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a report on Friday, May 22nd. BMO Capital Markets increased their target price on shares of Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Finally, Wells Fargo & Company increased their target price on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $373.73.

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.