3,450 Shares in Everest Group, Ltd. $EG Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 3,450 shares of the company’s stock, valued at approximately $1,128,000.

Several other hedge funds have also recently added to or reduced their stakes in EG. Activest Wealth Management bought a new position in Everest Group in the 4th quarter worth approximately $34,000. Raiffeisen Bank International AG acquired a new position in shares of Everest Group during the fourth quarter worth approximately $34,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Everest Group in the fourth quarter worth $37,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Everest Group in the second quarter worth $39,000. Finally, MUFG Securities EMEA plc bought a new position in Everest Group during the second quarter worth $43,000. Institutional investors own 92.64% of the company’s stock.

Insider Transactions at Everest Group

In related news, CEO Jason Keen sold 775 shares of the 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 transaction, the chief executive officer owned 8,170 shares of the company’s stock, valued at $2,874,532.80. This represents 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 company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EG shares. Keefe, Bruyette & Woods upped their target price on shares of Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Citigroup boosted their price objective on shares of Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. UBS Group set a $355.00 price objective on shares of Everest Group in a research report on Thursday, May 21st. Bank of America increased their target price on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Finally, Barclays lifted their target price on Everest Group from $380.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $387.73.

Everest Group Stock Up 2.4%

EG opened at $372.92 on Friday. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $379.21. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. The firm’s fifty day moving average price is $349.20 and its two-hundred day moving average price is $338.63. The company has a market capitalization of $14.76 billion, a P/E ratio of 7.58, a P/E/G ratio of 0.55 and a beta of 0.29.

Everest Group (NYSE:EG) last announced its quarterly earnings data 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%. On average, analysts anticipate that Everest Group, Ltd. will post 53.05 EPS for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a yield of 2.1%. Everest Group’s payout ratio is presently 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.