Swedbank AB Trims Stock Position in Everest Group, Ltd. $EG

Swedbank AB cut its stake in Everest Group, Ltd. (NYSE:EG) by 51.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,810 shares of the company’s stock after selling 19,215 shares during the quarter. Swedbank AB’s holdings in Everest Group were worth $5,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Everest Group by 2.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock valued at $571,000 after purchasing an additional 34 shares in the last quarter. Siemens Fonds Invest GmbH raised its stake in Everest Group by 3.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock worth $364,000 after buying an additional 34 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Everest Group by 4.0% in the first quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after buying an additional 37 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Everest Group by 27.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock worth $58,000 after acquiring an additional 37 shares during the period. Finally, GenTrust LLC grew its holdings in shares of Everest Group by 4.8% during the 4th quarter. GenTrust LLC now owns 874 shares of the company’s stock worth $297,000 after acquiring an additional 40 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EG has been the subject of a number of research analyst reports. Citigroup raised their target price on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald upped their price target on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group set a $355.00 price objective on Everest Group in a report on Thursday, May 21st. Bank of America raised their price objective on Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a report on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $380.86.

Everest Group Stock Down 0.1%

Shares of EG traded down $0.30 during mid-day trading on Friday, reaching $370.70. The company had a trading volume of 226,735 shares, compared to its average volume of 420,263. 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 firm has a 50-day moving average price of $347.67 and a 200 day moving average price of $337.63. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $379.21. The company has a market capitalization of $14.67 billion, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 0.57 and a beta of 0.29.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The company had revenue of $4.07 billion during the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. On average, sell-side analysts forecast that Everest Group, Ltd. will post 52.77 EPS for the current year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders 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 2.2%. Everest Group’s dividend payout ratio (DPR) is presently 16.27%.

Insider Buying and Selling at Everest Group

In other news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $351.84, for a total value of $272,676.00. Following the completion of the transaction, the chief executive officer owned 8,170 shares of the company’s stock, valued at $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by insiders.

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.