Reflection Asset Management Takes Position in Everest Group, Ltd. $EG

Reflection Asset Management purchased a new position in Everest Group, Ltd. (NYSE:EG) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,561 shares of the company’s stock, valued at approximately $1,208,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Everest Group during the fourth quarter valued at about $630,277,000. AQR Capital Management LLC raised its holdings in Everest Group by 70.3% in the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after purchasing an additional 830,418 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Everest Group by 12,322.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock worth $176,205,000 after purchasing an additional 515,063 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Everest Group by 181.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 498,697 shares of the company’s stock valued at $169,233,000 after buying an additional 321,376 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Everest Group by 622.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 346,305 shares of the company’s stock valued at $117,519,000 after buying an additional 298,391 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EG shares. Morgan Stanley raised their price target on shares of Everest Group from $340.00 to $355.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Barclays boosted their price objective on shares of Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. BMO Capital Markets raised their target price on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research note on Thursday, May 14th. Citigroup lifted their price target on shares of Everest Group from $342.00 to $395.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods upped their price target on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $370.07.

Everest Group Stock Performance

EG opened at $336.24 on Friday. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $368.29. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. The company has a market cap of $13.31 billion, a P/E ratio of 6.84, a price-to-earnings-growth ratio of 0.51 and a beta of 0.31. The firm’s 50-day moving average price is $342.65 and its 200-day moving average price is $333.35.

Everest Group (NYSE:EG) last released its earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The company had revenue of $4.07 billion during the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. As a group, equities analysts anticipate that Everest Group, Ltd. will post 52.79 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.4%. Everest Group’s dividend payout ratio (DPR) is currently 16.27%.

Insider Activity at Everest Group

In other news, CEO Jason Keen sold 775 shares of Everest Group 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 in the company, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

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.