Analysts Set Everest Group, Ltd. (NYSE:EG) Price Target at $387.73

Shares of Everest Group, Ltd. (NYSE:EG) have earned an average rating of “Hold” from the sixteen ratings firms that are covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $387.7333.

EG has been the subject of a number of recent research reports. Mizuho raised their target price on Everest Group from $388.00 to $418.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods upped 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. Bank of America increased their price target on Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. BMO Capital Markets lifted their price objective on Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Finally, Barclays boosted their price objective on Everest Group from $380.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th.

Everest Group Stock Up 0.0%

Everest Group stock opened at $382.76 on Friday. The firm has a 50 day moving average price of $349.83 and a 200-day moving average price of $338.93. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. Everest Group has a twelve month low of $302.44 and a twelve month high of $385.69. The company has a market capitalization of $15.15 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.59 and a beta of 0.29.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The company had revenue of $4.07 billion for the quarter. As a group, equities analysts predict that Everest Group will post 52.88 EPS for the current year.

Everest Group Announces Dividend

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

Insider Activity at Everest Group

In related news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total transaction of $272,676.00. Following the sale, the chief executive officer directly owned 8,170 shares in the company, valued at approximately $2,874,532.80. This represents a 8.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EG. Geneos Wealth Management Inc. lifted its position in shares of Everest Group by 98.9% during the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after acquiring an additional 90 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Everest Group in the second quarter valued at $384,000. Marshall Wace LLP purchased a new position in shares of Everest Group in the second quarter valued at $238,000. Jump Financial LLC purchased a new position in shares of Everest Group in the second quarter valued at $1,510,000. Finally, Federated Hermes Inc. raised its stake in shares of Everest Group by 3.7% during the 2nd quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after purchasing an additional 510 shares during the period. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

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.