Algebris UK Ltd. Makes New $23.46 Million Investment in Everest Group, Ltd. $EG

Algebris UK Ltd. acquired a new position in Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 69,099 shares of the company’s stock, valued at approximately $23,460,000. Everest Group comprises about 1.1% of Algebris UK Ltd.’s investment portfolio, making the stock its 24th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC purchased a new position in Everest Group in the third quarter worth $30,000. Activest Wealth Management purchased a new position in Everest Group in the fourth quarter worth $34,000. UMB Bank n.a. boosted its position in Everest Group by 81.4% in the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock worth $37,000 after purchasing an additional 48 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Everest Group during the 4th quarter valued at $37,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Everest Group during the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays upped their price target on Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Citigroup upped their price target on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods upped their price target on Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. BMO Capital Markets upped their price target on Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. Finally, Wells Fargo & Company upped their price target on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $374.00.

Everest Group Stock Up 0.4%

Shares of NYSE EG opened at $358.41 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $368.29. The stock has a market capitalization of $14.18 billion, a PE ratio of 7.29, a P/E/G ratio of 0.27 and a beta of 0.35. The business’s fifty day moving average price is $337.12 and its 200-day moving average price is $330.64.

Everest Group (NYSE:EG) last released its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) 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 for the quarter. On average, equities research analysts anticipate that Everest Group, Ltd. will post 52.71 EPS for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, June 12th. Everest Group’s dividend payout ratio is currently 16.27%.

Insiders Place Their Bets

In other Everest Group news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was 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. This represents a 8.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is 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.