3,561 Shares in Everest Group, Ltd. $EG Purchased by Reflection Asset Management

Reflection Asset Management acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,561 shares of the company’s stock, valued at approximately $1,208,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management purchased a new position in Everest Group during the fourth quarter worth $34,000. Raiffeisen Bank International AG purchased a new stake in shares of Everest Group in the fourth quarter valued at $34,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Everest Group in the fourth quarter valued at $37,000. CYBER HORNET ETFs LLC bought a new stake in shares of Everest Group in the 2nd quarter worth about $39,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Everest Group in the 2nd quarter worth about $43,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EG. Barclays increased their price objective on shares of Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 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 report on Tuesday, April 14th. UBS Group set a $355.00 price target on Everest Group in a research note on Thursday, May 21st. Morgan Stanley increased their target price on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Four 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, the company has a consensus rating of “Hold” and an average price target of $370.07.

Everest Group Trading Up 0.2%

EG opened at $336.24 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average is $342.65 and its two-hundred day moving average is $333.35. The company has a market capitalization of $13.31 billion, a P/E ratio of 6.84, a PEG ratio of 0.51 and a beta of 0.31. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $368.29.

Everest Group (NYSE:EG) last issued its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The business had revenue of $4.07 billion during the quarter. Analysts forecast that Everest Group, Ltd. will post 52.79 earnings per share for the current year.

Everest Group Announces Dividend

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

Insider Transactions at Everest Group

In other Everest Group 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 transaction of $272,676.00. Following the transaction, the chief executive officer 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

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.