Everest Group, Ltd. $EG Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in shares of Everest Group, Ltd. (NYSE:EG) by 82.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,433 shares of the company’s stock after selling 11,559 shares during the period. Oppenheimer & Co. Inc.’s holdings in Everest Group were worth $826,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EG. Root Financial Partners LLC acquired a new stake in Everest Group in the third quarter valued at $30,000. Activest Wealth Management acquired a new stake in Everest Group in the fourth quarter valued at $34,000. UMB Bank n.a. raised its holdings in Everest Group by 81.4% in the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after acquiring an additional 48 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Everest Group in the second quarter valued at $39,000. Finally, MUFG Securities EMEA plc acquired a new stake in Everest Group in the second quarter valued at $43,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Down 0.0%

EG stock opened at $351.74 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.39. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $368.29. The firm has a fifty day moving average price of $333.95 and a two-hundred day moving average price of $329.54. The firm has a market cap of $13.92 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.26 and a beta of 0.35.

Everest Group (NYSE:EG) last released its 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 during the quarter. Research analysts predict that Everest Group, Ltd. will post 52.81 EPS for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a dividend of $2.00 per share. The ex-dividend date was Friday, March 13th. This represents a $8.00 annualized dividend and a yield of 2.3%. Everest Group’s payout ratio is presently 16.27%.

Analyst Ratings Changes

Several analysts recently issued reports on EG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. UBS Group upped their price target on shares of Everest Group from $370.00 to $374.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company upped their price target on shares of Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a report on Wednesday. Bank of America upped 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. Finally, Cantor Fitzgerald cut their price target on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $371.50.

Everest Group 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.