Everest Group (NYSE:EG) Hits New 1-Year High – Here’s What Happened

Shares of Everest Group, Ltd. (NYSE:EG) hit a new 52-week high on Thursday . The company traded as high as $371.12 and last traded at $371.5510, with a volume of 245508 shares trading hands. The stock had previously closed at $359.93.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EG shares. Keefe, Bruyette & Woods raised their price objective on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Mizuho upped their target price on Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wells Fargo & Company increased their price target on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. UBS Group set a $355.00 price target on shares of Everest Group in a report on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research report on Friday, May 22nd. 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, Everest Group presently has a consensus rating of “Hold” and a consensus price target of $370.07.

Everest Group Trading Up 0.1%

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 company’s 50 day moving average price is $345.03 and its 200 day moving average price is $336.15. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 0.57 and a beta of 0.29.

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

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.2%. Everest Group’s dividend payout ratio is currently 16.27%.

Insider Buying and Selling at Everest Group

In related news, CEO Jason Keen sold 775 shares of the firm’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 directly owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. This trade represents a 8.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Everest Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EG. AQR Capital Management LLC lifted its stake in shares of Everest Group by 70.3% in the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after buying an additional 830,418 shares during the last quarter. State Street Corp lifted its position in Everest Group by 0.4% during the 4th quarter. State Street Corp now owns 1,906,692 shares of the company’s stock worth $647,036,000 after acquiring an additional 7,806 shares during the last quarter. Norges Bank bought a new stake in Everest Group during the fourth quarter valued at about $630,277,000. Vulcan Value Partners LLC boosted its stake in Everest Group by 6.5% during the 4th quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock valued at $512,288,000 after purchasing an additional 92,274 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Everest Group by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,170,210 shares of the company’s stock worth $395,671,000 after acquiring an additional 4,978 shares during the last quarter. Institutional investors and hedge funds own 92.64% 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.