Everest Group, Ltd. (NYSE:EG) Receives $373.73 Average Price Target from Analysts

Everest Group, Ltd. (NYSE:EG) has been given a consensus rating of “Hold” by the seventeen ratings firms that are covering the company, Marketbeat reports. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $373.7333.

A number of equities analysts have recently weighed in on the stock. Mizuho upped their price target 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 upped their price target 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. Citigroup upped their price target on shares of Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Barclays increased their target price 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. Finally, BMO Capital Markets increased their target price on shares of Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a research report on Thursday, May 14th.

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of the company’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 completion of the sale, the chief executive officer directly owned 8,170 shares in the company, valued at $2,874,532.80. This represents a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Everest Group

A number of hedge funds have recently bought and sold shares of EG. Geneos Wealth Management Inc. boosted its holdings in Everest Group by 98.9% during the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after acquiring an additional 90 shares during the period. Sivia Capital Partners LLC bought a new stake in Everest Group during the second quarter valued at about $384,000. Marshall Wace LLP bought a new stake in shares of Everest Group in the second quarter valued at about $238,000. Jump Financial LLC bought a new stake in shares of Everest Group in the second quarter valued at about $1,510,000. Finally, Federated Hermes Inc. lifted its stake in shares of Everest Group by 3.7% in the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after buying an additional 510 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Everest Group Trading Up 0.5%

NYSE EG opened at $325.52 on Thursday. Everest Group has a 1-year low of $302.44 and a 1-year high of $368.29. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $12.88 billion, a PE ratio of 6.62, a price-to-earnings-growth ratio of 0.51 and a beta of 0.31. The firm’s fifty day simple moving average is $340.51 and its 200-day simple moving average is $331.87.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The business had revenue of $4.07 billion for the quarter. As a group, sell-side analysts anticipate that Everest Group will post 52.62 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, June 12th. Everest Group’s dividend 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.