Sei Investments Co. Purchases 14,314 Shares of Everest Group, Ltd. $EG

Sei Investments Co. grew its position in shares of Everest Group, Ltd. (NYSE:EG) by 12.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,583 shares of the company’s stock after purchasing an additional 14,314 shares during the quarter. Sei Investments Co.’s holdings in Everest Group were worth $41,700,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EG. Bartlett & CO. Wealth Management LLC lifted its position in Everest Group by 2.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock worth $571,000 after buying an additional 34 shares during the last quarter. Siemens Fonds Invest GmbH grew its position in Everest Group by 3.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock valued at $364,000 after acquiring an additional 34 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of Everest Group by 4.0% during the first quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after acquiring an additional 37 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Everest Group by 27.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock worth $58,000 after acquiring an additional 37 shares in the last quarter. Finally, GenTrust LLC lifted its holdings in shares of Everest Group by 4.8% in the 4th quarter. GenTrust LLC now owns 874 shares of the company’s stock worth $297,000 after acquiring an additional 40 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. This represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Everest Group Stock Up 0.1%

Shares of Everest Group stock opened at $385.50 on Monday. 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 52-week low of $302.44 and a 52-week high of $386.87. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 7.84, a P/E/G ratio of 0.60 and a beta of 0.29. The company’s 50 day moving average price is $352.67 and its 200-day moving average price is $340.29.

Everest Group (NYSE:EG) last issued its earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The company had revenue of $4.07 billion for the quarter. Equities research analysts forecast that Everest Group, Ltd. will post 52.86 EPS for the current year.

Everest Group Announces Dividend

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

Analyst Ratings Changes

Several research firms recently commented on EG. Mizuho increased their target price on shares of Everest Group from $388.00 to $418.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Weiss Ratings upgraded shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Atlantic Securities set a $484.00 price objective on Everest Group in a research note on Wednesday, July 15th. Finally, Evercore set a $375.00 price objective on Everest Group in a report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $387.73.

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.