Everest Group, Ltd. $EG Shares Purchased by Equitable Trust Co.

Equitable Trust Co. raised its stake in Everest Group, Ltd. (NYSE:EG) by 21.4% during the 1st quarter, HoldingsChannel reports. The firm owned 54,472 shares of the company’s stock after acquiring an additional 9,585 shares during the quarter. Everest Group accounts for about 0.8% of Equitable Trust Co.’s portfolio, making the stock its 26th largest position. Equitable Trust Co.’s holdings in Everest Group were worth $17,804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Algebris UK Ltd. purchased a new position in Everest Group in the 4th quarter worth approximately $23,460,000. M&T Bank Corp raised its stake in shares of Everest Group by 4,077.5% during the fourth quarter. M&T Bank Corp now owns 79,205 shares of the company’s stock valued at $26,878,000 after purchasing an additional 77,309 shares during the period. Danske Bank A S purchased a new stake in shares of Everest Group during the third quarter valued at approximately $35,547,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Everest Group by 12,322.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock worth $176,205,000 after purchasing an additional 515,063 shares in the last quarter. Finally, Lighthouse Investment Partners LLC boosted its stake in shares of Everest Group by 280.4% in the third quarter. Lighthouse Investment Partners LLC now owns 42,237 shares of the company’s stock valued at $14,793,000 after purchasing an additional 31,133 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Price Performance

EG opened at $370.83 on Friday. The company has a market capitalization of $14.67 billion, a P/E ratio of 7.54, a PEG ratio of 0.57 and a beta of 0.29. The company has a 50-day moving average of $347.13 and a 200-day moving average of $337.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $379.21.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The business had revenue of $4.07 billion for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. Equities analysts expect that Everest Group, Ltd. will post 52.77 EPS for the current fiscal 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 paid a dividend of $2.00 per share. The ex-dividend date was Friday, June 12th. This represents a $8.00 annualized dividend and a yield of 2.2%. Everest Group’s dividend payout ratio is presently 16.27%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. BMO Capital Markets upped their price objective on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. Morgan Stanley raised their target price on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday. Mizuho lifted their target price on Everest Group from $388.00 to $418.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. Four investment analysts have rated the stock with a Buy rating and twelve have assigned 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 price target of $380.14.

Insider Buying and Selling

In other Everest Group 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 transaction, the chief executive officer owned 8,170 shares of the company’s stock, 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 SEC, which is available at the SEC website. 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.