Aviance Capital Partners LLC Boosts Stock Holdings in Everest Group, Ltd. $EG

Aviance Capital Partners LLC grew its stake in shares of Everest Group, Ltd. (NYSE:EG) by 56.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,845 shares of the company’s stock after buying an additional 2,111 shares during the quarter. Aviance Capital Partners LLC’s holdings in Everest Group were worth $1,911,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Everest Group by 2.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock valued at $571,000 after acquiring an additional 34 shares during the last quarter. Siemens Fonds Invest GmbH increased its stake in Everest Group by 3.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock worth $364,000 after purchasing an additional 34 shares during the period. V Square Quantitative Management LLC increased its stake in Everest Group by 4.0% in the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after purchasing an additional 37 shares during the period. Brown Brothers Harriman & Co. lifted its position in Everest Group by 27.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock valued at $58,000 after purchasing an additional 37 shares during the last quarter. Finally, GenTrust LLC lifted its position in Everest Group by 4.8% in the fourth quarter. GenTrust LLC now owns 874 shares of the company’s stock valued at $297,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction dated 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. This trade represents a 8.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Weiss Ratings upgraded shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Atlantic Securities set a $484.00 price target on shares of Everest Group in a research report on Wednesday. UBS Group set a $355.00 price target on shares of Everest Group in a report on Thursday, May 21st. Finally, Wells Fargo & Company upped their price objective on shares of Everest Group from $356.00 to $373.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Everest Group has an average rating of “Hold” and an average target price of $387.73.

Everest Group Price Performance

Shares of EG stock opened at $382.76 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $385.69. The firm has a market cap of $15.15 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.59 and a beta of 0.29. The business’s 50 day moving average price is $349.83 and its 200-day moving average price is $338.94.

Everest Group (NYSE:EG) last announced its earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The company had revenue of $4.07 billion during the quarter. On average, equities research analysts anticipate that Everest Group, Ltd. will post 52.88 earnings per share for the current year.

Everest Group Dividend Announcement

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

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.