Te Ahumairangi Investment Management Ltd Sells 2,680 Shares of Everest Group, Ltd. $EG

Te Ahumairangi Investment Management Ltd trimmed its holdings in Everest Group, Ltd. (NYSE:EG) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,260 shares of the company’s stock after selling 2,680 shares during the quarter. Everest Group makes up about 2.8% of Te Ahumairangi Investment Management Ltd’s holdings, making the stock its 5th biggest position. Te Ahumairangi Investment Management Ltd owned 0.11% of Everest Group worth $15,359,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Aviva PLC increased its holdings in shares of Everest Group by 5.6% in the 4th quarter. Aviva PLC now owns 35,658 shares of the company’s stock valued at $12,101,000 after acquiring an additional 1,899 shares during the period. Sepio Capital LP grew its position in Everest Group by 39.2% in the 4th quarter. Sepio Capital LP now owns 6,299 shares of the company’s stock valued at $2,138,000 after buying an additional 1,774 shares during the last quarter. Nuveen LLC grew its position in Everest Group by 13.5% in the 4th quarter. Nuveen LLC now owns 212,925 shares of the company’s stock valued at $72,256,000 after buying an additional 25,262 shares during the last quarter. Xponance LLC grew its position in Everest Group by 3.6% in the 4th quarter. Xponance LLC now owns 9,194 shares of the company’s stock valued at $3,120,000 after buying an additional 317 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Everest Group by 21.2% in the 4th quarter. Empowered Funds LLC now owns 38,640 shares of the company’s stock valued at $13,112,000 after buying an additional 6,754 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EG shares. UBS Group set a $355.00 price objective on shares of Everest Group in a research report on Thursday, May 21st. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Citigroup lifted their price objective on shares of Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research report on Friday, May 22nd. Finally, Bank of America lifted their price objective on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $373.73.

Insider Activity at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction 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 sale, the chief executive officer directly owned 8,170 shares in the company, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Everest Group Price Performance

Shares of NYSE EG opened at $336.26 on Friday. The firm has a market capitalization of $13.31 billion, a P/E ratio of 6.84, a PEG ratio of 0.53 and a beta of 0.31. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $368.29. The company’s fifty day moving average is $341.48 and its two-hundred day moving average is $332.44. 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 issued its earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The company 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%. Analysts forecast that Everest Group, Ltd. will post 52.62 EPS for the current fiscal year.

Everest Group Announces Dividend

The business 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 dividend yield of 2.4%. The ex-dividend date is Friday, June 12th. Everest Group’s payout ratio is presently 16.27%.

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.