Continuum Advisory LLC Increases Holdings in Everest Group, Ltd. $EG

Continuum Advisory LLC lifted its position in shares of Everest Group, Ltd. (NYSE:EG) by 13.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,679 shares of the company’s stock after purchasing an additional 1,923 shares during the quarter. Continuum Advisory LLC’s holdings in Everest Group were worth $5,660,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EG. Norges Bank purchased a new position in shares of Everest Group during the 4th quarter valued at about $630,277,000. AQR Capital Management LLC raised its holdings in shares of Everest Group by 70.3% during the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after buying an additional 830,418 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Everest Group by 12,322.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after buying an additional 515,063 shares in the last quarter. Alliancebernstein L.P. grew its position in Everest Group by 157.5% during the 3rd quarter. Alliancebernstein L.P. now owns 291,886 shares of the company’s stock worth $102,227,000 after acquiring an additional 178,536 shares during the last quarter. Finally, Causeway Capital Management LLC bought a new position in Everest Group during the 3rd quarter worth approximately $61,531,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Price Performance

EG opened at $319.37 on Friday. The stock’s 50 day simple moving average is $340.38 and its 200 day simple moving average is $331.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $368.29. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.50 and a beta of 0.31.

Everest Group (NYSE:EG) last posted its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The firm had revenue of $4.07 billion for the quarter. As a group, analysts predict that Everest Group, Ltd. will post 52.62 earnings per share for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders 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 dividend yield of 2.5%. Everest Group’s payout ratio is 16.27%.

Insider Activity

In other news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction of $272,676.00. Following the transaction, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EG. UBS Group set a $355.00 price target on Everest Group in a research report on Thursday, May 21st. Bank of America raised their price target on Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. BMO Capital Markets raised their price target 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. Mizuho raised their price target on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Barclays raised their price target on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $373.73.

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.