Deprince Race & Zollo Inc. Boosts Position in Everest Group, Ltd. $EG

Deprince Race & Zollo Inc. boosted its holdings in Everest Group, Ltd. (NYSE:EG) by 4.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,428 shares of the company’s stock after purchasing an additional 5,798 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.26% of Everest Group worth $41,650,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EG. Activest Wealth Management purchased a new stake in shares of Everest Group during the 4th quarter worth approximately $34,000. Raiffeisen Bank International AG purchased a new position in shares of Everest Group in the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. purchased a new position in shares of Everest Group in the 4th quarter valued at $37,000. CYBER HORNET ETFs LLC acquired a new stake in Everest Group during the 2nd quarter worth $39,000. Finally, MUFG Securities EMEA plc acquired a new stake in Everest Group during the 2nd quarter worth $43,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Price Performance

Shares of NYSE:EG opened at $359.88 on Thursday. The company has a 50-day simple moving average of $344.08 and a 200-day simple moving average of $335.59. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $368.29. 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 $14.24 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 0.55 and a beta of 0.29.

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

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is 16.27%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EG shares. Barclays upped their price objective on shares of Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Mizuho lifted their target price on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Citigroup boosted their target price on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. UBS Group set a $355.00 target price on Everest Group in a research report on Thursday, May 21st. Finally, Keefe, Bruyette & Woods raised their price target on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Four 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.com, the stock presently has an average rating of “Hold” and an average price target of $370.07.

Insider Activity

In other news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction that occurred on 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. The trade was a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

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.