Everest Group, Ltd. $EG Shares Sold by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd lessened its position in shares of Everest Group, Ltd. (NYSE:EG) by 5.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,260 shares of the company’s stock after selling 2,680 shares during the quarter. Everest Group makes up about 2.8% of Te Ahumairangi Investment Management Ltd’s holdings, making the stock its 5th largest position. Te Ahumairangi Investment Management Ltd’s holdings in Everest Group were worth $15,359,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EG. Bartlett & CO. Wealth Management LLC boosted its holdings in Everest Group by 2.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock worth $571,000 after acquiring an additional 34 shares during the period. Wealthfront Advisers LLC boosted its holdings in Everest Group by 2.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock worth $513,000 after acquiring an additional 40 shares during the period. GenTrust LLC boosted its holdings in Everest Group by 4.8% in 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. BayBridge Capital Group LLC boosted its holdings in Everest Group by 4.4% in the 4th 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 period. Finally, D.A. Davidson & CO. boosted its holdings in Everest Group by 1.3% in the 4th quarter. D.A. Davidson & CO. now owns 3,451 shares of the company’s stock worth $1,171,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. 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 report on Wednesday, May 6th. Wells Fargo & Company upped their price target on Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a report on Friday, May 22nd. BMO Capital Markets upped their price target on Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Finally, Mizuho upped their price target on Everest Group from $365.00 to $388.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $373.73.

Everest Group Stock Performance

Everest Group stock opened at $336.26 on Friday. The stock has a market cap of $13.31 billion, a P/E ratio of 6.84, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average of $341.48 and a 200-day moving average of $332.44. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $368.29.

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 return on equity of 14.70% and a net margin of 11.76%. On average, analysts expect that Everest Group, Ltd. will post 52.62 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, June 12th. Everest Group’s dividend payout ratio is 16.27%.

Insider Activity at Everest Group

In other news, CEO Jason Keen sold 775 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction of $272,676.00. Following the completion of the transaction, the chief executive officer directly owned 8,170 shares in the company, valued at approximately $2,874,532.80. This represents a 8.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

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.