Everest Group, Ltd. (NYSE:EG) Receives $363.21 Consensus PT from Brokerages

Shares of Everest Group, Ltd. (NYSE:EG) have been given an average rating of “Hold” by the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $363.2143.

EG has been the subject of several research reports. TD Cowen decreased their price objective on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a report on Monday, December 15th. Wells Fargo & Company decreased their price target on shares of Everest Group from $332.00 to $310.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Mizuho set a $360.00 price objective on shares of Everest Group in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Finally, Evercore set a $365.00 target price on Everest Group in a report on Wednesday, January 7th.

Everest Group Price Performance

Shares of EG stock opened at $320.59 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. Everest Group has a fifty-two week low of $302.44 and a fifty-two week high of $370.20. The firm has a market cap of $12.95 billion, a P/E ratio of 8.47, a P/E/G ratio of 0.23 and a beta of 0.34. The business’s 50 day moving average price is $330.30 and its 200-day moving average price is $332.27.

Everest Group (NYSE:EG) last announced its earnings results on Wednesday, February 4th. The company reported $13.26 EPS for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $3.97 billion. Everest Group had a net margin of 9.09% and a return on equity of 12.50%. Everest Group’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($18.39) EPS. On average, equities research analysts anticipate that Everest Group will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $2.00 per share. The ex-dividend date is Friday, March 13th. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. Everest Group’s payout ratio is currently 21.13%.

Hedge Funds Weigh In On Everest Group

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Everest Group during the 4th quarter valued at $630,277,000. AQR Capital Management LLC increased its stake in shares of Everest Group by 70.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after acquiring an additional 830,418 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Everest Group by 12,322.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock worth $176,205,000 after acquiring an additional 515,063 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Everest Group by 181.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 498,697 shares of the company’s stock valued at $169,233,000 after acquiring an additional 321,376 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Everest Group by 622.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 346,305 shares of the company’s stock valued at $117,519,000 after acquiring an additional 298,391 shares during the period. Institutional investors own 92.64% of the company’s stock.

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.