Public Employees Retirement System of Ohio Purchases Shares of 14,978 Everest Group, Ltd. $EG

Public Employees Retirement System of Ohio acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 14,978 shares of the company’s stock, valued at approximately $5,351,000.

Other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its stake in shares of Everest Group by 98.9% in the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after acquiring an additional 90 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Everest Group in the second quarter worth $384,000. Marshall Wace LLP bought a new stake in shares of Everest Group during the second quarter worth $238,000. Jump Financial LLC bought a new stake in shares of Everest Group during the second quarter worth $1,510,000. Finally, Federated Hermes Inc. increased its stake in shares of Everest Group by 3.7% in the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after buying an additional 510 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 0.0%

NYSE:EG opened at $378.70 on Thursday. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $401.07. The business’s 50-day moving average price is $372.42 and its two-hundred day moving average price is $349.59. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 0.74 and a beta of 0.28.

Everest Group (NYSE:EG) last posted its earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share (EPS) for the quarter. The company had revenue of $3.96 billion during the quarter. Everest Group had a return on equity of 13.63% and a net margin of 11.41%. On average, equities analysts expect that Everest Group, Ltd. will post 53.28 earnings per share for the current year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $8.00 annualized dividend and a yield of 2.1%. Everest Group’s dividend payout ratio (DPR) is presently 16.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Everest Group from $373.00 to $396.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Atlantic Securities set a $484.00 target price on Everest Group in a research note on Wednesday, July 15th. Morgan Stanley boosted their target price on Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods boosted their price objective on Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $395.27.

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.