Analysts Set Everest Group, Ltd. (NYSE:EG) Price Target at $367.87

Shares of Everest Group, Ltd. (NYSE:EG) have received a consensus rating of “Hold” from the eighteen analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $367.8667.

A number of brokerages recently weighed in on EG. Evercore ISI raised their target price on shares of Everest Group from $380.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Raymond James Financial restated an “outperform” rating and issued a $350.00 target price on shares of Everest Group in a report on Monday, November 3rd. Keefe, Bruyette & Woods reduced their target price on Everest Group from $424.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Zacks Research cut Everest Group from a “hold” rating to a “strong sell” rating in a research note on Friday, December 12th. Finally, Mizuho began coverage on Everest Group in a report on Monday, December 15th. They set a “neutral” rating and a $359.00 price objective on the stock.

Everest Group Trading Down 1.4%

Shares of EG stock opened at $334.57 on Monday. The stock has a 50-day simple moving average of $322.37 and a 200 day simple moving average of $334.19. The stock has a market capitalization of $14.05 billion, a P/E ratio of 25.48, a P/E/G ratio of 0.24 and a beta of 0.38. Everest Group has a fifty-two week low of $302.44 and a fifty-two week high of $373.23. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). Everest Group had a net margin of 3.12% and a return on equity of 3.74%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the company posted $11.80 earnings per share. Everest Group’s revenue was up .8% compared to the same quarter last year. On average, sell-side analysts expect that Everest Group will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, November 26th were issued a dividend of $2.00 per share. The ex-dividend date was Wednesday, November 26th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.4%. Everest Group’s payout ratio is currently 60.93%.

Insider Activity at Everest Group

In other news, Director Allan Levine acquired 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was purchased at an average price of $306.08 per share, with a total value of $948,848.00. Following the purchase, the director owned 4,153 shares of the company’s stock, valued at approximately $1,271,150.24. This trade represents a 294.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William F. Galtney, Jr. acquired 11,385 shares of the stock in a transaction on Wednesday, October 29th. The shares were purchased at an average price of $307.38 per share, for a total transaction of $3,499,521.30. Following the completion of the transaction, the director owned 45,491 shares in the company, valued at approximately $13,983,023.58. This represents a 33.38% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everest Group

Several hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new position in Everest Group during the 3rd quarter valued at about $30,000. Board of the Pension Protection Fund purchased a new stake in shares of Everest Group in the second quarter worth approximately $34,000. WPG Advisers LLC acquired a new stake in shares of Everest Group during the first quarter worth approximately $37,000. UMB Bank n.a. grew its position in Everest Group by 81.4% during the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in Everest Group in the 2nd quarter valued at approximately $39,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

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.