Healthcare of Ontario Pension Plan Trust Fund Grows Position in Everest Group, Ltd. $EG

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 76.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,058 shares of the company’s stock after acquiring an additional 23,399 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Everest Group were worth $17,669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management bought a new position in shares of Everest Group in the fourth quarter worth approximately $34,000. Raiffeisen Bank International AG bought a new stake in Everest Group during the fourth quarter worth about $34,000. Cullen Frost Bankers Inc. bought a new stake in Everest Group in the 4th quarter worth approximately $37,000. CYBER HORNET ETFs LLC bought a new stake in shares of Everest Group in the 2nd quarter worth approximately $39,000. Finally, MUFG Securities EMEA plc bought a new stake in Everest Group in the second quarter worth $43,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Activity at Everest Group

In other news, CEO Jason Keen sold 775 shares of the business’s 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 sale, the chief executive officer owned 8,170 shares in the company, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

EG has been the subject of several recent research reports. Atlantic Securities set a $484.00 price objective on Everest Group in a research report on Wednesday, July 15th. Mizuho upped their price objective on shares of Everest Group from $388.00 to $418.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods increased their target price on shares of Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Morgan Stanley raised their target price on Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Finally, Wells Fargo & Company boosted their price target on Everest Group from $356.00 to $373.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $387.73.

Everest Group Stock Performance

Everest Group stock opened at $389.65 on Tuesday. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $390.53. The stock’s 50 day simple moving average is $353.34 and its two-hundred day simple moving average is $340.69. 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 stock has a market cap of $15.42 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 0.60 and a beta of 0.29.

Everest Group (NYSE:EG) last announced its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The firm had revenue of $4.07 billion during the quarter. As a group, analysts expect that Everest Group, Ltd. will post 52.86 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $8.00 annualized dividend and a yield of 2.1%. Everest Group’s dividend payout ratio (DPR) is currently 16.27%.

Everest Group Company 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.