Insider Selling: Everest Group (NYSE:EG) CEO Sells 775 Shares of Stock

Everest Group, Ltd. (NYSE:EG) CEO Jason Keen sold 775 shares of the stock in a transaction on Thursday, May 7th. The stock was 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Everest Group Price Performance

Shares of NYSE EG traded down $1.34 during midday trading on Monday, reaching $350.18. The stock had a trading volume of 349,763 shares, compared to its average volume of 356,950. The stock has a 50-day moving average of $333.95 and a 200-day moving average of $329.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $13.86 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 0.26 and a beta of 0.35. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $368.29.

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 firm 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%. As a group, research analysts anticipate that Everest Group, Ltd. will post 52.71 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. Everest Group’s dividend payout ratio is 16.27%.

Hedge Funds Weigh In On Everest Group

A number of hedge funds and other institutional investors have recently modified their holdings of EG. Norges Bank bought a new position in Everest Group during the fourth quarter valued at $630,277,000. AQR Capital Management LLC lifted its position in Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after purchasing an additional 830,418 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Everest Group by 12,322.1% during the fourth 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 during the last quarter. Hsbc Holdings PLC lifted its position in Everest Group by 507.4% during the first quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock valued at $147,102,000 after purchasing an additional 375,846 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in Everest Group by 181.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 498,697 shares of the company’s stock valued at $169,233,000 after purchasing an additional 321,376 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays upped 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. Zacks Research upgraded shares of Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Mizuho upped their target price on shares of Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Finally, Cantor Fitzgerald dropped their target price on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $371.50.

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.