Heartland Advisors Inc. Has $7.82 Million Position in Everest Group, Ltd. $EG

Heartland Advisors Inc. lessened its position in Everest Group, Ltd. (NYSE:EG) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in Everest Group by 98.9% during the first 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 period. Sivia Capital Partners LLC bought a new stake in Everest Group in the second quarter valued at approximately $384,000. Marshall Wace LLP bought a new stake in Everest Group in the second quarter valued at approximately $238,000. Jump Financial LLC acquired a new stake in shares of Everest Group in the second quarter valued at approximately $1,510,000. Finally, Federated Hermes Inc. lifted its position in shares of Everest Group by 3.7% in the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after buying an additional 510 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citigroup boosted their target price on Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Morgan Stanley raised their price target on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Atlantic Securities set a $484.00 price objective on shares of Everest Group in a research report on Wednesday. Evercore set a $375.00 price objective on shares of Everest Group in a report on Friday, July 10th. Finally, Mizuho upped their price objective on shares of Everest Group from $388.00 to $418.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. 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, the company presently has a consensus rating of “Hold” and an average target price of $387.73.

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of the stock in a transaction 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 in the company, valued at $2,874,532.80. This trade represents a 8.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Everest Group Trading Up 2.6%

Shares of NYSE:EG opened at $382.76 on Friday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $385.69. The stock has a market cap of $15.15 billion, a PE ratio of 7.78, a P/E/G ratio of 0.59 and a beta of 0.29. The business has a 50 day moving average of $349.83 and a 200-day moving average of $338.94. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23.

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

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $2.00 dividend. 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 dividend payout ratio is currently 16.27%.

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.