Heartland Advisors Inc. Sells 1,362 Shares of Everest Group, Ltd. $EG

Heartland Advisors Inc. reduced its stake in shares of Everest Group, Ltd. (NYSE:EG) by 5.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 23,937 shares of the company’s stock after selling 1,362 shares during the period. Heartland Advisors Inc.’s holdings in Everest Group were worth $7,824,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Everest Group

In other Everest Group 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 transaction of $272,676.00. Following the transaction, the chief executive officer owned 8,170 shares of the company’s stock, valued at $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by company insiders.

Everest Group Trading Up 2.6%

Shares of NYSE:EG opened at $382.76 on Friday. The company’s 50-day moving average price is $349.83 and its two-hundred day moving average price is $338.94. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $385.69. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $15.15 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 0.59 and a beta of 0.29.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The company had revenue of $4.07 billion during the quarter. On average, equities analysts forecast that Everest Group, Ltd. will post 52.88 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is currently 16.27%.

Analyst Ratings Changes

Several research firms have issued reports on EG. Mizuho lifted their price target on Everest Group from $388.00 to $418.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Morgan Stanley increased their price objective on Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Bank of America increased their price objective on Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Keefe, Bruyette & Woods boosted their target price on Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Finally, Evercore set a $375.00 price target on Everest Group in a research report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Everest Group presently has an average rating of “Hold” and a consensus price target of $387.73.

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.