Everest Group, Ltd. $EG Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 103.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 121,949 shares of the company’s stock after purchasing an additional 61,955 shares during the quarter. First Trust Advisors LP’s holdings in Everest Group were worth $39,859,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its holdings in Everest Group by 70.3% in 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 during the period. State Street Corp lifted its holdings in shares of Everest Group by 0.4% during the 4th quarter. State Street Corp now owns 1,906,692 shares of the company’s stock worth $647,036,000 after acquiring an additional 7,806 shares during the period. Norges Bank acquired a new stake in shares of Everest Group in the fourth quarter worth approximately $630,277,000. Vulcan Value Partners LLC boosted its position in shares of Everest Group by 6.5% in the fourth quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock worth $512,288,000 after acquiring an additional 92,274 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Everest Group by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,170,210 shares of the company’s stock valued at $395,671,000 after purchasing an additional 4,978 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Up 1.2%

EG opened at $389.65 on Tuesday. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $390.53. The firm has a 50 day moving average price of $353.34 and a 200 day moving average price of $340.69. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $15.42 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 0.60 and a beta of 0.29.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The firm had revenue of $4.07 billion for the quarter. Sell-side analysts expect that Everest Group, Ltd. will post 52.86 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $2.00 per share. The ex-dividend date was Friday, June 12th. This represents a $8.00 annualized dividend and a dividend yield of 2.1%. Everest Group’s payout ratio is presently 16.27%.

Insider Buying and Selling at Everest Group

In related news, CEO Jason Keen sold 775 shares of the company’s 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. This represents a 8.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Evercore set a $375.00 price target on shares of Everest Group in a research report on Friday, July 10th. Bank of America lifted their price target on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Barclays boosted their price objective on shares of Everest Group from $380.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Weiss Ratings raised Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Wells Fargo & Company lifted their target price on Everest Group from $356.00 to $373.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Everest Group presently has an average rating of “Hold” and an average price target 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.