United Capital Financial Advisors LLC Buys Shares of 1,815 Everest Group, Ltd. $EG

United Capital Financial Advisors LLC bought a new position in Everest Group, Ltd. (NYSE:EG) in the 2nd quarter, Holdings Channel.com reports. The fund bought 1,815 shares of the company’s stock, valued at approximately $648,000.

Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new position in Everest Group during the second quarter valued at about $1,150,555,000. Norges Bank bought a new stake in shares of Everest Group during the 4th quarter worth about $630,277,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Everest Group during the 2nd quarter worth about $350,718,000. AQR Capital Management LLC increased its holdings in shares of Everest Group by 70.3% during the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after acquiring an additional 830,418 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Everest Group by 12,322.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after acquiring an additional 515,063 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EG shares. Wells Fargo & Company raised their price objective on Everest Group from $373.00 to $396.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Atlantic Securities set a $484.00 price target on Everest Group in a report on Wednesday, July 15th. Evercore set a $377.00 price target on shares of Everest Group in a research report on Thursday, July 30th. TD Cowen boosted their price objective on shares of Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Finally, Cantor Fitzgerald boosted their price objective on shares of Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $395.27.

Everest Group Trading Down 0.7%

Everest Group stock opened at $374.92 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The business’s 50-day simple moving average is $371.09 and its 200-day simple moving average is $348.97. The firm has a market capitalization of $14.37 billion, a PE ratio of 7.93, a PEG ratio of 0.74 and a beta of 0.29. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $401.07.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $14.85 earnings per share for the quarter. The business had revenue of $3.96 billion during the quarter. Everest Group had a return on equity of 13.63% and a net margin of 11.41%. Equities research analysts forecast that Everest Group, Ltd. will post 53.28 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group’s dividend payout ratio is currently 16.92%.

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.