Everest Group, Ltd. (EG) To Go Ex-Dividend on March 13th

Everest Group, Ltd. (NYSE:EG) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Friday, March 13th will be paid a dividend of 2.00 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, March 13th.

Everest Group has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Everest Group has a payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Everest Group to earn $62.48 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 12.8%.

Everest Group Trading Down 0.2%

Shares of NYSE EG opened at $327.45 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a 50-day moving average of $331.72 and a 200 day moving average of $332.82. Everest Group has a 1 year low of $302.44 and a 1 year high of $370.20. The stock has a market cap of $13.23 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 0.24 and a beta of 0.34.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share for the quarter, missing the consensus estimate of $13.36 by ($0.10). Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the company earned ($18.39) EPS. The business’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, sell-side analysts expect that Everest Group will post 47.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in Everest Group during the 3rd quarter worth about $30,000. Activest Wealth Management acquired a new stake in Everest Group in the fourth quarter worth about $34,000. Raiffeisen Bank International AG purchased a new stake in Everest Group during the 4th quarter worth approximately $34,000. UMB Bank n.a. grew its holdings in shares of Everest Group by 81.4% during the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after buying an additional 48 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Everest Group in the fourth quarter valued at about $37,000. Institutional investors own 92.64% of the company’s stock.

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.