5,135 Shares in Everest Group, Ltd. $EG Acquired by Estate Counselors LLC

Estate Counselors LLC bought a new stake in Everest Group, Ltd. (NYSE:EG) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,135 shares of the company’s stock, valued at approximately $1,678,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in Everest Group during the fourth quarter worth approximately $630,277,000. AQR Capital Management LLC grew its stake in shares of Everest Group by 70.3% during the 3rd 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. increased its holdings in shares of Everest Group by 12,322.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock worth $176,205,000 after buying an additional 515,063 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Everest Group by 507.4% during the 1st quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock worth $147,102,000 after buying an additional 375,846 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Everest Group by 181.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 498,697 shares of the company’s stock worth $169,233,000 after buying an additional 321,376 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the topic of a number of research analyst reports. BMO Capital Markets lifted their target price on Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Citigroup upped their price target on Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald raised their price objective on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Atlantic Securities set a $484.00 price objective on Everest Group in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Everest Group presently has an average rating of “Hold” and an average price target of $387.73.

Everest Group Trading Up 1.2%

NYSE:EG opened at $389.65 on Tuesday. 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, Ltd. has a one year low of $302.44 and a one year high of $390.53. The business’s 50-day simple moving average is $353.34 and its 200 day simple moving average is $340.69. The stock has a market cap of $15.42 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 0.60 and a beta of 0.29.

Everest Group (NYSE:EG) last issued its quarterly earnings data 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 firm had revenue of $4.07 billion during the quarter. As a group, sell-side analysts predict that Everest Group, Ltd. will post 52.86 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio is 16.27%.

Insider Activity at Everest Group

In other news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.