Everest Group (NYSE:EG) Hits New 12-Month High – Still a Buy?

Everest Group, Ltd. (NYSE:EG)’s share price reached a new 52-week high on Friday . The stock traded as high as $385.69 and last traded at $384.2480, with a volume of 30348 shares changing hands. The stock had previously closed at $373.22.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America raised their price objective on shares of Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Wells Fargo & Company upped their target price on Everest Group from $356.00 to $373.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. BMO Capital Markets increased their target price on Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th. Weiss Ratings raised Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Atlantic Securities set a $484.00 price target on Everest Group in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $387.73.

Everest Group Trading Up 2.5%

The firm has a market capitalization of $15.14 billion, a P/E ratio of 7.79, a PEG ratio of 0.55 and a beta of 0.29. 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 firm has a 50 day moving average of $349.20 and a 200-day moving average of $338.63.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The firm had revenue of $4.07 billion for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. On average, equities research analysts predict that Everest Group, Ltd. will post 53.05 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued 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 of this dividend was Friday, June 12th. Everest Group’s dividend payout ratio is 16.27%.

Insider Activity at Everest Group

In related news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was 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. The trade was a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Everest Group

Several institutional investors and hedge funds have recently bought and sold shares of EG. Algebris UK Ltd. bought a new position in Everest Group in the fourth quarter valued at approximately $23,460,000. M&T Bank Corp lifted its stake in Everest Group by 4,077.5% during the fourth quarter. M&T Bank Corp now owns 79,205 shares of the company’s stock worth $26,878,000 after purchasing an additional 77,309 shares during the last quarter. Danske Bank A S bought a new stake in Everest Group during the third quarter worth $35,547,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Everest Group by 12,322.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after purchasing an additional 515,063 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Everest Group by 598.3% in the 4th quarter. SG Americas Securities LLC now owns 34,112 shares of the company’s stock valued at $11,576,000 after purchasing an additional 29,227 shares in the last quarter. 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.