Everest Group, Ltd. (NYSE:EG) Given Average Recommendation of “Hold” by Analysts

Shares of Everest Group, Ltd. (NYSE:EG) have been given an average recommendation of “Hold” by the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $365.3333.

A number of equities research analysts recently commented on EG shares. Wolfe Research raised Everest Group from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 29th. Cantor Fitzgerald lowered their target price on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Keefe, Bruyette & Woods upped their price objective on shares of Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Everest Group from $343.00 to $332.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th.

Everest Group Trading Down 0.4%

EG opened at $321.73 on Friday. Everest Group has a fifty-two week low of $302.44 and a fifty-two week high of $373.23. The firm has a market capitalization of $13.51 billion, a PE ratio of 24.50, a P/E/G ratio of 0.23 and a beta of 0.38. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39. The company’s 50-day moving average is $324.11 and its 200 day moving average is $333.14.

Everest Group (NYSE:EG) last released its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). Everest Group had a net margin of 3.12% and a return on equity of 3.74%. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the firm posted $11.80 EPS. Everest Group’s revenue for the quarter was up .8% on a year-over-year basis. As a group, research analysts predict that Everest Group will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Wednesday, November 26th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, November 26th. Everest Group’s dividend payout ratio (DPR) is 60.93%.

Insider Buying and Selling at Everest Group

In related news, Director William F. Galtney, Jr. acquired 11,385 shares of the stock in a transaction on Wednesday, October 29th. The shares were acquired at an average price of $307.38 per share, with a total value of $3,499,521.30. Following the completion of the transaction, the director owned 45,491 shares in the company, valued at approximately $13,983,023.58. The trade was a 33.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Allan Levine purchased 3,100 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was bought at an average cost of $306.08 per share, for a total transaction of $948,848.00. Following the acquisition, the director directly owned 4,153 shares in the company, valued at $1,271,150.24. This trade represents a 294.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Everest Group

Hedge funds have recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC grew its stake in shares of Everest Group by 2.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock worth $571,000 after acquiring an additional 34 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Everest Group in the fourth quarter worth about $316,000. Darwin Wealth Management LLC raised its position in shares of Everest Group by 10.0% in the fourth quarter. Darwin Wealth Management LLC now owns 625 shares of the company’s stock valued at $212,000 after purchasing an additional 57 shares during the period. Delphi Management Inc. MA lifted its stake in shares of Everest Group by 7.6% during the 4th quarter. Delphi Management Inc. MA now owns 3,729 shares of the company’s stock valued at $1,265,000 after buying an additional 264 shares in the last quarter. Finally, Meridian Investment Counsel Inc. boosted its holdings in Everest Group by 16.1% in the 4th quarter. Meridian Investment Counsel Inc. now owns 5,305 shares of the company’s stock worth $1,800,000 after buying an additional 735 shares during the period. 92.64% of the stock is currently owned by 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.