Sterling Capital Management LLC Sells 141,906 Shares of Everest Group, Ltd. $EG

Sterling Capital Management LLC trimmed its position in Everest Group, Ltd. (NYSE:EG) by 99.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,244 shares of the company’s stock after selling 141,906 shares during the quarter. Sterling Capital Management LLC’s holdings in Everest Group were worth $407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management bought a new position in shares of Everest Group in the 4th quarter valued at about $34,000. Raiffeisen Bank International AG acquired a new stake in shares of Everest Group during the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. bought a new stake in shares of Everest Group during the fourth quarter worth approximately $37,000. CYBER HORNET ETFs LLC bought a new stake in shares of Everest Group during the second quarter worth approximately $39,000. Finally, MUFG Securities EMEA plc bought a new position in Everest Group in the second quarter valued at approximately $43,000. 92.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

EG has been the subject of a number of analyst reports. Mizuho lifted their target price on shares of Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. BMO Capital Markets increased their price target on Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research note on Thursday, May 14th. Barclays raised their price target on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods increased their target price on Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley boosted their target price on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Four investment 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, Everest Group currently has an average rating of “Hold” and an average target price of $370.07.

Insider Transactions at Everest Group

In related news, CEO Jason Keen sold 775 shares of the 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 completion of the sale, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. This represents a 8.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Everest Group Stock Performance

EG stock opened at $371.55 on Friday. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $372.36. 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 firm has a market cap of $14.70 billion, a PE ratio of 7.56, a P/E/G ratio of 0.57 and a beta of 0.29. The business’s 50-day moving average price is $345.03 and its two-hundred day moving average price is $336.15.

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

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $2.00 dividend. The ex-dividend date was Friday, June 12th. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. Everest Group’s payout ratio is currently 16.27%.

Everest Group Company 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.