New Age Alpha Advisors LLC Sells 1,938 Shares of Everest Group, Ltd. $EG

New Age Alpha Advisors LLC reduced its holdings in Everest Group, Ltd. (NYSE:EG) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,805 shares of the company’s stock after selling 1,938 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Everest Group were worth $5,024,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Bartlett & CO. Wealth Management LLC grew its position in shares of Everest Group by 2.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock worth $571,000 after buying an additional 34 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of Everest Group by 2.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock worth $513,000 after buying an additional 40 shares during the last quarter. GenTrust LLC grew its position 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. BayBridge Capital Group LLC grew its position in shares of Everest Group by 4.4% in the 4th quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company’s stock worth $345,000 after buying an additional 43 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Everest Group by 1.3% in the 4th quarter. D.A. Davidson & CO. now owns 3,451 shares of the company’s stock worth $1,171,000 after buying an additional 44 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Trading Up 0.0%

NYSE EG opened at $352.76 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $368.29. The firm has a market capitalization of $13.96 billion, a PE ratio of 7.17, a P/E/G ratio of 0.55 and a beta of 0.35. The stock’s 50 day moving average is $338.93 and its 200 day moving average is $331.46.

Everest Group (NYSE:EG) last released its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The company 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%. Research analysts forecast that Everest Group, Ltd. will post 52.58 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $8.00 annualized dividend and a yield of 2.3%. Everest Group’s payout ratio is presently 16.27%.

Analyst Ratings Changes

EG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Mizuho lifted their price objective on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. BMO Capital Markets lifted their price objective on Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a research report on Thursday, May 14th. UBS Group set a $355.00 price objective on Everest Group in a research report on Thursday. Finally, Morgan Stanley lifted their price objective on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Everest Group currently has a consensus rating of “Hold” and a consensus price target of $373.73.

Insiders Place Their Bets

In other Everest Group 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 transaction 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 approximately $2,874,532.80. This trade represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

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.