Lmcg Investments LLC Acquires 1,992 Shares of Everest Group, Ltd. $EG

Lmcg Investments LLC lifted its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 5.7% in the first quarter, HoldingsChannel.com reports. The fund owned 36,835 shares of the company’s stock after acquiring an additional 1,992 shares during the period. Lmcg Investments LLC’s holdings in Everest Group were worth $12,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bartlett & CO. Wealth Management LLC grew its stake in Everest Group by 2.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock valued at $571,000 after purchasing an additional 34 shares during the period. Siemens Fonds Invest GmbH raised its stake in shares of Everest Group by 3.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock worth $364,000 after purchasing an additional 34 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Everest Group by 4.0% during the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after purchasing an additional 37 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Everest Group by 27.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock worth $58,000 after buying an additional 37 shares during the last quarter. Finally, GenTrust LLC boosted its holdings in shares of Everest Group by 4.8% in the 4th quarter. GenTrust LLC now owns 874 shares of the company’s stock worth $297,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Buying and Selling

In related 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 value of $272,676.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Everest Group Trading Down 0.4%

Shares of EG opened at $371.61 on Thursday. The business has a 50-day moving average of $346.65 and a 200 day moving average of $337.12. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $379.21. The firm has a market cap of $14.70 billion, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 0.57 and a beta of 0.29. 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 (NYSE:EG) last released its quarterly earnings data on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The business had revenue of $4.07 billion for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. As a group, research analysts forecast that Everest Group, Ltd. will post 52.77 EPS for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio is presently 16.27%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EG. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a report on Friday, May 22nd. Barclays boosted their target price on shares of Everest Group from $380.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group set a $355.00 target price on shares of Everest Group in a research report on Thursday, May 21st. BMO Capital Markets raised their price target on shares of Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th. Finally, Wells Fargo & Company lifted their price target on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $373.50.

Everest Group 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.