3,294 Shares in Everest Group, Ltd. $EG Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new position in shares of Everest Group, Ltd. (NYSE:EG) during the second quarter, Holdings Channel reports. The firm purchased 3,294 shares of the company’s stock, valued at approximately $1,177,000.

Other institutional investors also recently bought and sold shares of the company. Heartland Advisors Inc. purchased a new stake in shares of Everest Group in the second quarter valued at approximately $8,278,000. Donald Smith & CO. Inc. acquired a new position in shares of Everest Group during the 2nd quarter worth approximately $153,206,000. Allworth Financial LP purchased a new position in shares of Everest Group during the 2nd quarter valued at approximately $367,000. Vise Technologies Inc. purchased a new position in shares of Everest Group during the 2nd quarter valued at approximately $555,000. Finally, Asahi Life Asset Management CO. LTD. acquired a new stake in Everest Group in the 2nd quarter valued at $346,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Performance

Shares of NYSE:EG opened at $376.64 on Tuesday. 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 business’s 50 day moving average price is $367.10 and its 200-day moving average price is $347.23. The firm has a market capitalization of $14.44 billion, a PE ratio of 7.96, a P/E/G 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 posted its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 EPS 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 firm’s revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $16.10 EPS. As a group, equities research analysts expect that Everest Group, Ltd. will post 52.91 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.1%. Everest Group’s dividend payout ratio is presently 16.92%.

Analyst Upgrades and Downgrades

EG has been the subject of several recent analyst reports. BMO Capital Markets boosted 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. Cantor Fitzgerald increased their price objective on shares of Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Wells Fargo & Company lifted their target price on shares of Everest Group from $373.00 to $396.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Atlantic Securities set a $484.00 target price on shares of Everest Group in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $395.27.

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.