Everest Group, Ltd. (NYSE:EG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Everest Group, Ltd. (NYSE:EG) have been assigned an average rating of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $363.2143.

Several research firms have issued reports on EG. Barclays boosted their price objective on shares of Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Mizuho set a $360.00 price target on Everest Group in a report on Wednesday, February 11th. Wells Fargo & Company dropped their price objective on Everest Group from $332.00 to $310.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Finally, UBS Group restated a “buy” rating and set a $345.00 price objective on shares of Everest Group in a report on Monday, January 12th.

Everest Group Stock Down 0.6%

NYSE:EG opened at $320.46 on Friday. The company has a market cap of $12.94 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.23 and a beta of 0.34. Everest Group has a twelve month low of $302.44 and a twelve month high of $370.20. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $330.72 and a 200-day simple moving average of $332.53.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 EPS for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($18.39) earnings per share. Analysts anticipate that Everest Group will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $2.00 per share. The ex-dividend date is Friday, March 13th. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. Everest Group’s dividend payout ratio (DPR) is currently 21.13%.

Institutional Trading of Everest Group

A number of hedge funds have recently added to or reduced their stakes in EG. Root Financial Partners LLC purchased a new position in Everest Group during the 3rd quarter valued at about $30,000. Activest Wealth Management purchased a new stake in shares of Everest Group in the 4th quarter worth approximately $34,000. Raiffeisen Bank International AG bought a new position in shares of Everest Group during the fourth quarter valued at approximately $34,000. UMB Bank n.a. boosted its stake in shares of Everest Group by 81.4% during the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in Everest Group during the fourth quarter valued at approximately $37,000. 92.64% of the stock is owned by hedge funds and other 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.