Gator Capital Management LLC Takes $3.25 Million Position in Everest Group, Ltd. $EG

Gator Capital Management LLC acquired a new stake in Everest Group, Ltd. (NYSE:EG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,581 shares of the company’s stock, valued at approximately $3,251,000.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management acquired a new stake in shares of Everest Group in the fourth quarter valued at $34,000. Raiffeisen Bank International AG acquired a new stake in shares of Everest Group in the fourth quarter valued at $34,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Everest Group in the fourth quarter valued at $37,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Everest Group in the second quarter valued at $39,000. Finally, MUFG Securities EMEA plc acquired a new stake in Everest Group during the 2nd quarter worth approximately $43,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Trading Up 0.9%

Shares of NYSE:EG opened at $339.34 on Friday. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $368.29. The company’s 50 day moving average is $341.79 and its two-hundred day moving average is $332.49. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The company has a market cap of $13.43 billion, a PE ratio of 6.90, a P/E/G ratio of 0.51 and a beta of 0.31.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, March 23rd. The company reported $16.08 EPS for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The company had revenue of $4.07 billion for the quarter. Equities analysts predict that Everest Group, Ltd. will post 52.79 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EG shares. Mizuho increased their target price on shares of Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wells Fargo & Company increased their target price on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Bank of America increased their target price 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a report on Friday, May 22nd. Finally, Citigroup increased 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. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, Everest Group has a consensus rating of “Hold” and an average target price of $373.73.

Insider Activity at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of the 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 sale, 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 document filed with the SEC, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

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.