Gator Capital Management LLC Buys New Stake in Everest Group, Ltd. $EG

Gator Capital Management LLC bought a new stake in Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 9,581 shares of the company’s stock, valued at approximately $3,251,000.

Other hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its position in Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after purchasing an additional 90 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Everest Group during the 2nd quarter worth $384,000. Marshall Wace LLP purchased a new position in Everest Group during the 2nd quarter worth $238,000. Jump Financial LLC purchased a new position in Everest Group during the 2nd quarter worth $1,510,000. Finally, Federated Hermes Inc. grew its position in Everest Group by 3.7% during the 2nd quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock worth $4,898,000 after purchasing an additional 510 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Trading Up 0.9%

Shares of Everest Group stock opened at $339.34 on Friday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $368.29. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The stock has a market cap of $13.43 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 0.51 and a beta of 0.31. The company has a 50-day moving average of $341.79 and a two-hundred day moving average of $332.49.

Everest Group (NYSE:EG) last issued its earnings results 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 company had revenue of $4.07 billion during the quarter. On average, research analysts anticipate that Everest Group, Ltd. will post 52.79 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a yield of 2.4%. Everest Group’s dividend payout ratio (DPR) is 16.27%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EG shares. Morgan Stanley raised their price objective on shares of Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. BMO Capital Markets lifted their target price on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. UBS Group set a $355.00 target price on shares of Everest Group in a report on Thursday, May 21st. Keefe, Bruyette & Woods lifted their target price on shares of Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Bank of America lifted their target price on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $373.73.

Insider Transactions at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value of $272,676.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.70% 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.