Everest Group (NYSE:EG) Sets New 52-Week High – Still a Buy?

Everest Group, Ltd. (NYSE:EG) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $386.25 and last traded at $385.5030, with a volume of 172251 shares trading hands. The stock had previously closed at $375.56.

Analyst Ratings Changes

Several brokerages have weighed in on EG. BMO Capital Markets upped their target price on Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Barclays upped their price objective on shares of Everest Group from $380.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Morgan Stanley increased their target price on shares of Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, Atlantic Securities set a $484.00 price target on shares of Everest Group in a research report on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $387.73.

Everest Group Trading Up 2.6%

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 stock has a market capitalization of $15.25 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 0.58 and a beta of 0.29. The company has a 50-day moving average price of $351.99 and a 200 day moving average price of $339.97.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share 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, research analysts forecast that Everest Group, Ltd. will post 52.86 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is currently 16.27%.

Insider Activity

In other news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value 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. The trade was a 8.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everest Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC increased its position in shares of Everest Group by 2.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock worth $571,000 after purchasing an additional 34 shares in the last quarter. Siemens Fonds Invest GmbH boosted its position in shares of Everest Group by 3.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock worth $364,000 after purchasing an additional 34 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Everest Group by 4.0% during the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after buying an additional 37 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Everest Group by 27.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock valued at $58,000 after buying an additional 37 shares in the last quarter. Finally, GenTrust LLC increased its position in Everest Group by 4.8% during the 4th quarter. GenTrust LLC now owns 874 shares of the company’s stock valued at $297,000 after buying an additional 40 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

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.