Everest Group, Ltd. $EG Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 267,138 shares of the company’s stock after selling 15,804 shares during the period. Legal & General Group Plc’s holdings in Everest Group were worth $90,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC increased its stake in Everest Group by 2.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock worth $571,000 after buying an additional 34 shares during the period. Wealthfront Advisers LLC increased its stake in Everest Group by 2.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock worth $513,000 after buying an additional 40 shares during the period. GenTrust LLC increased its stake in Everest Group by 4.8% during the 4th quarter. GenTrust LLC now owns 874 shares of the company’s stock worth $297,000 after buying an additional 40 shares during the period. BayBridge Capital Group LLC increased its stake in Everest Group by 4.4% during the 4th quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company’s stock worth $345,000 after buying an additional 43 shares during the period. Finally, D.A. Davidson & CO. increased its stake in Everest Group by 1.3% during the 4th quarter. D.A. Davidson & CO. now owns 3,451 shares of the company’s stock worth $1,171,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Buying and Selling at Everest Group

In other news, CEO Jason Keen sold 775 shares of the business’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 completion of the sale, the chief executive officer owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Everest Group Price Performance

EG opened at $323.94 on Friday. The company has a 50-day moving average of $340.31 and a 200-day moving average of $331.83. The company has a market capitalization of $12.82 billion, a P/E ratio of 6.59, a PEG ratio of 0.52 and a beta of 0.35. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $368.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37.

Everest Group (NYSE:EG) last released its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The company had revenue of $4.07 billion during the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. Equities analysts expect that Everest Group, Ltd. will post 52.62 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a $2.00 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. Everest Group’s payout ratio is presently 16.27%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EG shares. Bank of America lifted their price target on shares of Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Morgan Stanley lifted their price target on shares of Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Barclays lifted their price target on shares of Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Five equities research 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 stock presently has a consensus rating of “Hold” and an average price target of $373.73.

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.