Hsbc Holdings PLC Boosts Position in Everest Group, Ltd. $EG

Hsbc Holdings PLC boosted its position in shares of Everest Group, Ltd. (NYSE:EG) by 99.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 74,073 shares of the company’s stock after purchasing an additional 36,876 shares during the quarter. Hsbc Holdings PLC’s holdings in Everest Group were worth $25,274,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Everest Group during the 4th quarter worth $630,277,000. AQR Capital Management LLC boosted its position in shares of Everest Group by 70.3% in 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. grew its stake in Everest Group by 12,322.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after acquiring an additional 515,063 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Everest Group by 181.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 498,697 shares of the company’s stock valued at $169,233,000 after acquiring an additional 321,376 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Everest Group by 622.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 346,305 shares of the company’s stock valued at $117,519,000 after acquiring an additional 298,391 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Transactions at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction that occurred on Thursday, May 7th. The shares were 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 of the company’s stock, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Everest Group Price Performance

NYSE:EG opened at $373.36 on Tuesday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $374.26. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 0.57 and a beta of 0.29. The company’s 50-day moving average is $345.48 and its two-hundred day moving average is $336.53. 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 (NYSE:EG) last issued its quarterly earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The business had revenue of $4.07 billion during the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. Research analysts expect that Everest Group, Ltd. will post 52.79 EPS for the current year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $2.00 per share. The ex-dividend date was Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a yield of 2.1%. Everest Group’s dividend payout ratio (DPR) is 16.27%.

Analyst Ratings Changes

EG has been the subject of a number of research reports. Bank of America lifted their target price on shares of Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. UBS Group set a $355.00 price target on shares of Everest Group in a research report on Thursday, May 21st. Barclays raised their price objective on shares of Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Mizuho lifted their price objective on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Wells Fargo & Company upped their target price on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $370.43.

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.