Everest Group, Ltd. (NYSE:EG) Given Average Rating of “Hold” by Brokerages

Shares of Everest Group, Ltd. (NYSE:EG) have received a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $364.6429.

A number of equities research analysts recently issued reports on EG shares. Keefe, Bruyette & Woods lifted their price target on shares of Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $350.00 price objective on shares of Everest Group in a report on Monday, November 3rd. Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Finally, Mizuho set a $358.00 price objective on Everest Group in a report on Wednesday, January 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after purchasing an additional 90 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Everest Group in the second quarter worth about $384,000. Wealth Enhancement Advisory Services LLC boosted its position in Everest Group by 91.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,733 shares of the company’s stock worth $2,947,000 after acquiring an additional 4,178 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Everest Group by 4.3% during the second quarter. Farther Finance Advisors LLC now owns 816 shares of the company’s stock worth $277,000 after acquiring an additional 34 shares during the last quarter. Finally, Sowell Financial Services LLC grew its stake in Everest Group by 46.1% during the 2nd quarter. Sowell Financial Services LLC now owns 928 shares of the company’s stock valued at $315,000 after acquiring an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Performance

NYSE EG opened at $329.36 on Friday. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.23 and a beta of 0.38. Everest Group has a twelve month low of $302.44 and a twelve month high of $370.20. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average of $325.01 and a 200 day moving average of $332.68.

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

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Wednesday, November 26th were 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 was Wednesday, November 26th. Everest Group’s payout ratio is presently 60.93%.

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.