33,929 Shares in Everest Group, Ltd. $EG Acquired by Corient Private Wealth LP

Corient Private Wealth LP purchased a new position in Everest Group, Ltd. (NYSE:EG) in the second quarter, HoldingsChannel.com reports. The firm purchased 33,929 shares of the company’s stock, valued at approximately $12,120,000.

Several other large investors also recently bought and sold shares of the company. Trifecta Capital Advisors LLC purchased a new stake in shares of Everest Group during the second quarter valued at approximately $29,000. Activest Wealth Management purchased a new position in shares of Everest Group in the fourth quarter valued at $34,000. Raiffeisen Bank International AG acquired a new stake in Everest Group during the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. acquired a new stake in Everest Group during the 4th quarter valued at $37,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Everest Group during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Atlantic Securities set a $484.00 price objective on shares of Everest Group in a report on Wednesday, July 15th. TD Cowen lifted their target price on Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods boosted their price target on Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Morgan Stanley raised their price objective on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Finally, Citigroup lifted their price objective on Everest Group from $395.00 to $415.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and an average target price of $395.27.

Everest Group Stock Up 0.2%

NYSE:EG opened at $378.25 on Friday. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 0.74 and a beta of 0.29. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $401.07. The stock has a 50-day simple moving average of $370.37 and a 200 day simple moving average of $348.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.52 by $0.33. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the firm posted $16.10 earnings per share. Everest Group’s revenue for the quarter was down 11.8% compared to the same quarter last year. Sell-side analysts predict that Everest Group, Ltd. will post 53.28 EPS for the current fiscal year.

Everest Group Dividend Announcement

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

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.