WINTON GROUP Ltd Buys Shares of 3,870 Everest Group, Ltd. $EG

WINTON GROUP Ltd bought a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the 4th quarter, Holdings Channel reports. The firm bought 3,870 shares of the company’s stock, valued at approximately $1,313,000.

A number of other hedge funds have also recently made changes to their positions in EG. Bartlett & CO. Wealth Management LLC increased its position in 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 buying an additional 34 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in Everest Group by 2.8% in the third quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock worth $513,000 after acquiring an additional 40 shares in the last quarter. GenTrust LLC boosted its holdings in Everest Group by 4.8% in the fourth quarter. GenTrust LLC now owns 874 shares of the company’s stock worth $297,000 after acquiring an additional 40 shares in the last quarter. BayBridge Capital Group LLC grew its stake in shares of Everest Group by 4.4% in the fourth quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company’s stock worth $345,000 after acquiring an additional 43 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Everest Group by 1.3% during the fourth quarter. D.A. Davidson & CO. now owns 3,451 shares of the company’s stock valued at $1,171,000 after acquiring an additional 44 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EG. Barclays lifted their price target on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Bank of America lifted their target price on shares of Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research note on Friday, May 22nd. UBS Group set a $355.00 price target on shares of Everest Group in a report on Thursday, May 21st. Finally, Mizuho raised their price target on shares of Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $373.73.

Everest Group Trading Down 1.1%

Shares of EG stock opened at $330.77 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $368.29. The stock has a market capitalization of $13.09 billion, a P/E ratio of 6.73, a P/E/G ratio of 0.53 and a beta of 0.31. The firm’s 50 day moving average is $340.73 and its 200 day moving average is $331.90.

Everest Group (NYSE:EG) last released its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. The firm had revenue of $4.07 billion for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. Research analysts expect that Everest Group, Ltd. will post 52.62 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently announced 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 yield of 2.4%. Everest Group’s dividend payout ratio is currently 16.27%.

Insiders Place Their Bets

In other Everest Group news, CEO Jason Keen sold 775 shares of the firm’s 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 transaction, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. This trade represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.