Everest Group, Ltd. $EG Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lessened its stake in shares of Everest Group, Ltd. (NYSE:EG) by 51.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,576 shares of the company’s stock after selling 26,835 shares during the period. Bank of Nova Scotia’s holdings in Everest Group were worth $8,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Systematic Financial Management LP raised its holdings in Everest Group by 3.3% in the 1st quarter. Systematic Financial Management LP now owns 119,974 shares of the company’s stock valued at $39,214,000 after buying an additional 3,826 shares during the period. Sei Investments Co. grew its holdings in shares of Everest Group by 12.6% in the first quarter. Sei Investments Co. now owns 127,583 shares of the company’s stock valued at $41,700,000 after purchasing an additional 14,314 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of Everest Group by 44.5% in the first quarter. Lido Advisors LLC now owns 1,153 shares of the company’s stock valued at $377,000 after purchasing an additional 355 shares in the last quarter. State of Wyoming boosted its position in Everest Group by 148.5% in the 1st quarter. State of Wyoming now owns 2,075 shares of the company’s stock valued at $678,000 after buying an additional 1,240 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Everest Group by 103.3% in the first quarter. First Trust Advisors LP now owns 121,949 shares of the company’s stock worth $39,859,000 after acquiring an additional 61,955 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Activity

In other news, CEO Jason Keen sold 775 shares of the stock in a transaction that occurred on 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 directly owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. This represents a 8.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Everest Group Stock Performance

NYSE:EG opened at $385.50 on Monday. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $386.87. The firm has a market cap of $15.25 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 0.60 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. The firm’s fifty day moving average price is $352.67 and its 200 day moving average price is $340.29.

Everest Group (NYSE:EG) last issued its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The business had revenue of $4.07 billion for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. On average, sell-side analysts expect that Everest Group, Ltd. will post 52.86 EPS for the current year.

Everest Group Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, June 12th. This represents a $8.00 annualized dividend and a yield of 2.1%. Everest Group’s payout ratio is presently 16.27%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EG shares. Barclays lifted their price objective on Everest Group from $380.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Evercore set a $375.00 target price on shares of Everest Group in a report on Friday, July 10th. UBS Group set a $355.00 price target on shares of Everest Group in a research note on Thursday, May 21st. Bank of America boosted their price target on shares of Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, Atlantic Securities set a $484.00 price target on Everest Group in a research note on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $387.73.

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.