2,100 Shares in Everest Group, Ltd. $EG Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Everest Group, Ltd. (NYSE:EG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,100 shares of the company’s stock, valued at approximately $686,000.

A number of other hedge funds have also modified their holdings of EG. Geneos Wealth Management Inc. increased its holdings in shares of Everest Group by 98.9% in the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after purchasing an additional 90 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Everest Group in the second quarter valued at about $384,000. Marshall Wace LLP acquired a new stake in Everest Group during the second quarter worth about $238,000. Jump Financial LLC purchased a new position in Everest Group during the second quarter worth about $1,510,000. Finally, Federated Hermes Inc. grew its stake in shares of Everest Group by 3.7% in the 2nd quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after buying an additional 510 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on EG. BMO Capital Markets upped their price objective on Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Bank of America upped their target price 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. Citigroup boosted their price target on shares of Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. UBS Group set a $355.00 price objective on shares of Everest Group in a research report on Thursday, May 21st. Finally, Mizuho upped their price target on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Everest Group has a consensus rating of “Hold” and an average price target of $373.29.

Insider Activity

In other news, CEO Jason Keen sold 775 shares of Everest Group 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

Everest Group Stock Up 1.0%

Shares of Everest Group stock traded up $3.56 during trading hours on Tuesday, reaching $376.49. 11,742 shares of the company were exchanged, compared to its average volume of 379,616. The stock’s fifty day moving average is $345.48 and its 200 day moving average is $336.53. 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, Ltd. has a 1 year low of $302.44 and a 1 year high of $379.22. The firm has a market cap of $14.90 billion, a PE ratio of 7.66, a PEG ratio of 0.57 and a beta of 0.29.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. The business had revenue of $4.07 billion during the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. As a group, equities research analysts forecast that Everest Group, Ltd. will post 52.79 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is presently 16.27%.

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.