Everest Group, Ltd. (NYSE:EG) Receives Consensus Recommendation of “Hold” from Analysts

Everest Group, Ltd. (NYSE:EG) has received an average recommendation of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $370.0714.

Several equities analysts have recently issued reports on the company. Bank of America upped their price target on Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Barclays upped their price target on Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Mizuho upped their price target on Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Citigroup upped their price target on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company upped their price target on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th.

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.

Hedge Funds Weigh In On Everest Group

Several hedge funds have recently added to or reduced their stakes in EG. Geneos Wealth Management Inc. lifted its stake in Everest Group by 98.9% in the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after buying an additional 90 shares during the period. Sivia Capital Partners LLC acquired a new position in Everest Group in the second quarter valued at about $384,000. Marshall Wace LLP acquired a new position in Everest Group in the second quarter valued at about $238,000. Jump Financial LLC acquired a new position in Everest Group in the second quarter valued at about $1,510,000. Finally, Federated Hermes Inc. lifted its stake in Everest Group by 3.7% in the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after buying an additional 510 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Price Performance

Shares of EG stock opened at $336.24 on Monday. The stock’s fifty day moving average is $342.65 and its 200-day moving average is $333.50. 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 stock has a market capitalization of $13.31 billion, a PE ratio of 6.84, a PEG ratio of 0.51 and a beta of 0.31. Everest Group 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 expect that Everest Group will post 52.79 EPS 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%.

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.