14,978 Shares in Everest Group, Ltd. $EG Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Everest Group, Ltd. (NYSE:EG) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,978 shares of the company’s stock, valued at approximately $5,351,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trifecta Capital Advisors LLC purchased a new stake in shares of Everest Group in the second quarter valued at about $29,000. Raiffeisen Bank International AG acquired a new stake in shares of Everest Group during the fourth quarter worth $34,000. Cullen Frost Bankers Inc. acquired a new stake in Everest Group in the 4th quarter worth about $37,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Everest Group during the 2nd quarter valued at $39,000. Finally, MUFG Securities EMEA plc purchased a new position in Everest Group in the second quarter valued at approximately $43,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Price Performance

NYSE EG opened at $378.70 on Thursday. The company has a market cap of $14.52 billion, a P/E ratio of 8.01, a P/E/G ratio of 0.74 and a beta of 0.28. The company has a fifty day simple moving average of $372.42 and a 200 day simple moving average of $349.59. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $401.07.

Everest Group (NYSE:EG) last announced its earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share (EPS) for the quarter. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The business had revenue of $3.96 billion for the quarter. On average, sell-side analysts predict that Everest Group, Ltd. will post 53.28 EPS for the current year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be paid a $2.00 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.1%. Everest Group’s dividend payout ratio is currently 16.92%.

Analyst Upgrades and Downgrades

EG has been the topic of a number of recent research reports. Evercore set a $377.00 target price on shares of Everest Group in a research report on Thursday, July 30th. TD Cowen increased their price objective on shares of Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Mizuho cut their target price on Everest Group from $418.00 to $416.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Cantor Fitzgerald boosted their price target on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings raised Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $395.27.

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.