CIBC Asset Management Inc Has $3.37 Million Stake in Everest Group, Ltd. $EG

CIBC Asset Management Inc boosted its stake in Everest Group, Ltd. (NYSE:EG) by 66.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,919 shares of the company’s stock after buying an additional 3,955 shares during the quarter. CIBC Asset Management Inc’s holdings in Everest Group were worth $3,366,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC boosted its stake in 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 buying an additional 34 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in Everest Group by 2.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock valued at $513,000 after buying an additional 40 shares in the last quarter. GenTrust LLC boosted its stake in Everest Group by 4.8% in the 4th quarter. GenTrust LLC now owns 874 shares of the company’s stock valued at $297,000 after buying an additional 40 shares in the last quarter. BayBridge Capital Group LLC boosted its stake in Everest Group by 4.4% in the 4th quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company’s stock valued at $345,000 after buying an additional 43 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Everest Group by 1.3% in the 4th quarter. D.A. Davidson & CO. now owns 3,451 shares of the company’s stock valued at $1,171,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Morgan Stanley boosted their price objective 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. Keefe, Bruyette & Woods boosted their price objective on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Bank of America boosted their price objective on Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Wells Fargo & Company boosted their price objective 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. Finally, Barclays boosted their price objective on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $373.73.

Everest Group Price Performance

Everest Group stock opened at $334.49 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $13.24 billion, a P/E ratio of 6.80, a P/E/G ratio of 0.53 and a beta of 0.31. The business’s fifty day moving average is $340.60 and its two-hundred day moving average is $331.83. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $368.29.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The business had revenue of $4.07 billion for the quarter. Equities research analysts forecast that Everest Group, Ltd. will post 52.62 earnings per share for the current fiscal year.

Everest Group Announces Dividend

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

Insider Activity

In other news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction 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 transaction, the chief executive officer owned 8,170 shares of the company’s stock, valued at $2,874,532.80. This represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by company insiders.

Everest Group Company 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.