Everest Group, Ltd. (NYSE:EG) to Issue Quarterly Dividend of $2.00

Everest Group, Ltd. (NYSE:EG) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 9th will be paid a dividend of 2.00 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 9th.

Everest Group has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Everest Group has a dividend payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Everest Group to earn $59.47 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 13.5%.

Everest Group Stock Down 0.7%

Everest Group stock opened at $363.15 on Thursday. The company has a 50-day simple moving average of $361.46 and a 200-day simple moving average of $344.93. The firm has a market capitalization of $13.92 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.72 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. Everest Group has a one year low of $302.44 and a one year high of $401.07.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, beating the consensus estimate of $14.52 by $0.33. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.99 billion. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. Everest Group’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period last year, the firm posted $16.10 EPS. As a group, equities analysts expect that Everest Group will post 53.13 earnings per share for the current year.

Institutional Trading of Everest Group

A number of hedge funds and other institutional investors have recently made changes to their positions in EG. Siemens Fonds Invest GmbH raised its position in shares of Everest Group by 3.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock worth $364,000 after purchasing an additional 34 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of Everest Group by 27.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock valued at $58,000 after purchasing an additional 37 shares during the period. V Square Quantitative Management LLC increased its stake in Everest Group by 4.0% during the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after purchasing an additional 37 shares in the last quarter. GenTrust LLC increased its stake in Everest Group by 4.8% during the 4th quarter. GenTrust LLC now owns 874 shares of the company’s stock worth $297,000 after purchasing an additional 40 shares in the last quarter. Finally, Tred Avon Family Wealth LLC increased its stake in Everest Group by 6.5% during the 1st quarter. Tred Avon Family Wealth LLC now owns 657 shares of the company’s stock worth $215,000 after purchasing an additional 40 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

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.