Employees Retirement System of Texas Sells 12,207 Shares of Everest Group, Ltd. $EG

Employees Retirement System of Texas reduced its position in Everest Group, Ltd. (NYSE:EG) by 44.0% during the fourth quarter, HoldingsChannel reports. The firm owned 15,547 shares of the company’s stock after selling 12,207 shares during the period. Employees Retirement System of Texas’ holdings in Everest Group were worth $5,276,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in shares of Everest Group in the 3rd quarter valued at about $30,000. Activest Wealth Management bought a new position in shares of Everest Group during the 4th quarter worth approximately $34,000. UMB Bank n.a. boosted its holdings in shares of Everest Group by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 107 shares of the company’s stock worth $37,000 after buying an additional 48 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Everest Group during the 4th quarter worth approximately $37,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Everest Group during the 2nd quarter worth approximately $39,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Down 2.6%

Everest Group stock opened at $343.17 on Thursday. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $368.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. The firm’s 50-day simple moving average is $340.01 and its 200 day simple moving average is $331.84. The stock has a market cap of $13.58 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 0.55 and a beta of 0.35.

Everest Group (NYSE:EG) last posted its earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The firm had revenue of $4.07 billion for the quarter. Research analysts predict that Everest Group, Ltd. will post 52.58 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $8.00 annualized dividend and a dividend yield of 2.3%. Everest Group’s dividend payout ratio (DPR) is currently 16.27%.

Wall Street Analyst Weigh In

EG has been the subject of a number of research reports. BMO Capital Markets raised their price target on shares of Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Morgan Stanley increased their price objective on shares of Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. Keefe, Bruyette & Woods boosted their target price on Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Finally, Citigroup upped their price target on Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and a consensus target price of $373.73.

Insider Activity

In other news, CEO Jason Keen sold 775 shares of Everest Group 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

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.