Everest Group, Ltd. (NYSE:EG) Receives Average Rating of “Hold” from Analysts

Shares of Everest Group, Ltd. (NYSE:EG) have earned an average recommendation of “Hold” from the sixteen analysts that are covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $361.2143.

A number of analysts have commented on the company. Mizuho set a $360.00 price target on Everest Group in a research report on Wednesday, February 11th. TD Cowen lowered their price target on Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a research report on Monday, December 15th. Wells Fargo & Company lowered their price target on Everest Group from $332.00 to $310.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Zacks Research raised Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Cantor Fitzgerald lowered their price target on Everest Group from $348.00 to $344.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th.

Everest Group Trading Down 0.4%

NYSE EG opened at $327.13 on Wednesday. The company has a fifty day simple moving average of $329.63 and a two-hundred day simple moving average of $330.26. The stock has a market cap of $13.21 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.24 and a beta of 0.34. Everest Group has a 12-month low of $302.44 and a 12-month high of $368.29. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Thursday, February 5th. The company reported $13.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted ($18.39) EPS. On average, analysts forecast that Everest Group will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a yield of 2.4%. Everest Group’s payout ratio is currently 21.13%.

Institutional Trading of Everest Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Everest Group in the 4th quarter valued at about $630,277,000. AQR Capital Management LLC lifted its holdings 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 valued at $695,275,000 after buying an additional 830,418 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings 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 valued at $176,205,000 after buying an additional 515,063 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Everest Group by 181.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 498,697 shares of the company’s stock valued at $169,233,000 after buying an additional 321,376 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Everest Group by 622.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 346,305 shares of the company’s stock valued at $117,519,000 after buying an additional 298,391 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

About Everest Group

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.