Everest Group, Ltd. $EG Shares Sold by Tredje AP fonden

Tredje AP fonden lessened its position in shares of Everest Group, Ltd. (NYSE:EG) by 51.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,758 shares of the company’s stock after selling 6,112 shares during the period. Tredje AP fonden’s holdings in Everest Group were worth $1,954,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EG. AQR Capital Management LLC grew its position in Everest Group by 70.3% during the third 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. grew its position in Everest Group by 12,322.1% during the fourth 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. Alliancebernstein L.P. grew its position in shares of Everest Group by 157.5% in the third quarter. Alliancebernstein L.P. now owns 291,886 shares of the company’s stock valued at $102,227,000 after purchasing an additional 178,536 shares during the period. Causeway Capital Management LLC acquired a new stake in shares of Everest Group in the third quarter valued at about $61,531,000. Finally, Vulcan Value Partners LLC grew its position in shares of Everest Group by 13.9% in the third quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock valued at $496,514,000 after purchasing an additional 172,479 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Performance

NYSE:EG opened at $358.41 on Thursday. The company’s 50-day moving average price is $337.12 and its 200-day moving average price is $330.64. 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 company has a market cap of $14.18 billion, a P/E ratio of 7.29, a P/E/G ratio of 0.27 and a beta of 0.35. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $368.29.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The firm 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%. On average, sell-side analysts forecast that Everest Group, Ltd. will post 52.71 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is currently 16.27%.

Analysts Set New Price Targets

EG has been the topic of several research analyst reports. Morgan Stanley set a $340.00 target price on shares of Everest Group in a research report on Thursday, May 7th. Barclays lifted their target price on shares of Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Citigroup lifted their target price on shares of Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Finally, UBS Group lifted their target price on shares of Everest Group from $370.00 to $374.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Everest Group currently has a consensus rating of “Hold” and a consensus price target of $374.00.

Insider Buying and Selling at Everest Group

In other news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value of $272,676.00. Following the transaction, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. This trade represents a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.70% 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.