Everest Group, Ltd. $EG Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 7.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 217,271 shares of the company’s stock after selling 16,856 shares during the quarter. Bank of New York Mellon Corp’s holdings in Everest Group were worth $73,731,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Activest Wealth Management purchased a new position in shares of Everest Group during the 4th quarter valued at approximately $34,000. Cullen Frost Bankers Inc. bought a new stake in shares of Everest Group in the fourth quarter worth $37,000. CYBER HORNET ETFs LLC acquired a new stake in Everest Group in the second quarter valued at $39,000. MUFG Securities EMEA plc acquired a new stake in Everest Group in the second quarter valued at $43,000. Finally, Brown Brothers Harriman & Co. raised its holdings in Everest Group by 57.6% in the third quarter. Brown Brothers Harriman & Co. now owns 134 shares of the company’s stock valued at $47,000 after acquiring an additional 49 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Barclays upped their price target on shares of Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. UBS Group set a $355.00 price target on shares of Everest Group in a report on Thursday, May 21st. Citigroup upped their price target on shares of Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a report on Friday, May 22nd. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Everest Group presently has an average rating of “Hold” and a consensus price target of $373.73.

Everest Group Stock Up 0.2%

Everest Group stock opened at $331.70 on Wednesday. The company has a 50-day simple moving average of $341.01 and a 200-day simple moving average of $332.04. The firm has a market capitalization of $13.13 billion, a P/E ratio of 6.75, a P/E/G ratio of 0.52 and a beta of 0.31. 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 one year low of $302.44 and a one year high of $368.29.

Everest Group (NYSE:EG) last released its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The firm had revenue of $4.07 billion during the quarter. As a group, equities analysts expect that Everest Group, Ltd. will post 52.62 earnings per share for the current year.

Everest Group Dividend Announcement

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

Insider Buying and Selling at Everest Group

In related news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $351.84, for a total value of $272,676.00. Following the transaction, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

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.