Everest Group, Ltd. $EG Shares Purchased by Sepio Capital LP

Sepio Capital LP lifted its holdings in Everest Group, Ltd. (NYSE:EG) by 39.2% in the fourth quarter, Holdings Channel reports. The firm owned 6,299 shares of the company’s stock after buying an additional 1,774 shares during the period. Sepio Capital LP’s holdings in Everest Group were worth $2,138,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management acquired a new stake in shares of Everest Group in the 4th quarter worth $34,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Everest Group in the 4th quarter worth $37,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Everest Group during the second quarter worth $39,000. MUFG Securities EMEA plc acquired a new stake in shares of Everest Group during the second quarter worth $43,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Everest Group by 57.6% during the third quarter. Brown Brothers Harriman & Co. now owns 134 shares of the company’s stock worth $47,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on EG. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Mizuho lifted their price objective on shares of Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Wells Fargo & Company lifted their price objective 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. Barclays lifted their price objective 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. Finally, Morgan Stanley lifted their price objective 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. Five investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $373.73.

Insider Transactions at Everest Group

In related news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 8,170 shares in the company, valued at $2,874,532.80. The trade was a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Everest Group Trading Down 0.1%

NYSE EG opened at $336.26 on Friday. The company has a market capitalization of $13.31 billion, a PE ratio of 6.84, a P/E/G ratio of 0.53 and a beta of 0.31. The company has a fifty day moving average of $341.48 and a 200 day moving average of $332.44. 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 current ratio of 0.37 and a quick ratio of 0.37.

Everest Group (NYSE:EG) last posted its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) 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%. Research analysts forecast that Everest Group, Ltd. will post 52.62 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $2.00 per share. The ex-dividend date is Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a yield of 2.4%. Everest Group’s payout ratio is currently 16.27%.

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.