SEB Asset Management AB Invests $36.62 Million in Everest Group, Ltd. $EG

SEB Asset Management AB bought a new position in shares of Everest Group, Ltd. (NYSE:EG) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 112,024 shares of the company’s stock, valued at approximately $36,615,000.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in Everest Group by 70.3% during the 3rd 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 in the last quarter. State Street Corp boosted its stake in shares of 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 buying an additional 7,806 shares during the last quarter. Norges Bank bought a new position in shares of Everest Group in the 4th quarter valued at about $630,277,000. Vulcan Value Partners LLC grew its holdings in shares of Everest Group by 6.5% in the 4th quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock valued at $512,288,000 after acquiring an additional 92,274 shares in the last quarter. Finally, Geode Capital Management LLC increased its position 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 valued at $395,671,000 after acquiring an additional 4,978 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Stock Performance

Shares of NYSE EG opened at $382.76 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $385.69. The stock has a 50 day moving average of $349.83 and a 200-day moving average of $338.93. The company has a market capitalization of $15.15 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.59 and a beta of 0.29.

Everest Group (NYSE:EG) last posted its earnings results 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 business had revenue of $4.07 billion for the quarter. As a group, equities research analysts predict that Everest Group, Ltd. will post 52.88 EPS for the current year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 12th. Everest Group’s payout ratio is 16.27%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Atlantic Securities set a $484.00 target price on Everest Group in a report on Wednesday. Barclays raised their price target on Everest Group from $380.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Wells Fargo & Company upped their price objective on Everest Group from $356.00 to $373.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Evercore set a $375.00 price objective on Everest Group in a report on Friday, July 10th. Finally, Cantor Fitzgerald raised their target price on shares of Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $387.73.

Insider Activity at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were 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 in the company, valued at $2,874,532.80. The trade was a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

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.