State of Wyoming Invests $1.18 Million in Everest Group, Ltd. $EG

State of Wyoming acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,305 shares of the company’s stock, valued at approximately $1,181,000.

A number of other hedge funds also recently made changes to their positions in EG. AQR Capital Management LLC lifted its stake in Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after purchasing an additional 830,418 shares during the last quarter. State Street Corp raised its holdings in shares of Everest Group by 0.4% during the 4th quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after buying an additional 7,806 shares in the last quarter. Norges Bank bought a new stake in Everest Group in the 4th quarter worth approximately $630,277,000. Vulcan Value Partners LLC lifted its position in Everest Group by 6.5% in the 4th quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock worth $512,288,000 after buying an additional 92,274 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Everest Group by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,170,210 shares of the company’s stock worth $395,671,000 after buying an additional 4,978 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Evercore set a $377.00 price objective on shares of Everest Group in a report on Thursday, July 30th. Morgan Stanley upped their price objective on shares of Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Atlantic Securities set a $484.00 target price on shares of Everest Group in a report on Wednesday, July 15th. Finally, Barclays lifted their target price on shares of Everest Group from $420.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $393.93.

Everest Group Price Performance

EG opened at $369.91 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35. The stock’s 50 day simple moving average is $363.11 and its 200 day simple moving average is $345.40. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.73 and a beta of 0.29. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $401.07.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, beating the consensus estimate of $14.52 by $0.33. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.99 billion. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The business’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $16.10 earnings per share. As a group, analysts predict that Everest Group, Ltd. will post 53.13 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group’s payout ratio is presently 16.92%.

Everest Group 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.