Aviance Capital Partners LLC Raises Position in Everest Group, Ltd. $EG

Aviance Capital Partners LLC increased its stake in Everest Group, Ltd. (NYSE:EG) by 56.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,845 shares of the company’s stock after purchasing an additional 2,111 shares during the quarter. Aviance Capital Partners LLC’s holdings in Everest Group were worth $1,911,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EG. Norges Bank bought a new stake in Everest Group in the 4th quarter valued at about $630,277,000. AQR Capital Management LLC raised its position in shares of Everest Group by 70.3% in the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after purchasing an additional 830,418 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Everest Group by 12,322.1% during 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 in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Everest Group by 507.4% during the 1st quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock valued at $147,102,000 after buying an additional 375,846 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in Everest Group by 181.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 498,697 shares of the company’s stock worth $169,233,000 after buying an additional 321,376 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EG. Wells Fargo & Company lifted their price objective on shares of Everest Group from $356.00 to $373.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. UBS Group set a $355.00 target price on Everest Group in a research report on Thursday, May 21st. Cantor Fitzgerald raised their price target on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods lifted their price target on Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Finally, Citigroup boosted their price objective on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $387.73.

Insiders Place Their Bets

In other Everest Group news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction of $272,676.00. Following the completion of the sale, the chief executive officer owned 8,170 shares of the company’s stock, valued at $2,874,532.80. The trade was a 8.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by insiders.

Everest Group Stock Up 2.6%

Shares of NYSE EG opened at $382.76 on Friday. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $385.69. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 0.59 and a beta of 0.29. The business has a 50-day moving average of $349.83 and a 200-day moving average of $338.94.

Everest Group (NYSE:EG) last announced its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The business had revenue of $4.07 billion for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. Sell-side analysts expect that Everest Group, Ltd. will post 52.88 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $2.00 per share. The ex-dividend date was Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a yield of 2.1%. Everest Group’s dividend payout ratio (DPR) is presently 16.27%.

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.