Everest Group, Ltd. $EG Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Everest Group, Ltd. (NYSE:EG) by 59.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,207 shares of the company’s stock after acquiring an additional 5,320 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Everest Group were worth $4,821,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EG. AQR Capital Management LLC grew its position in shares of Everest Group by 70.3% in the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after purchasing an additional 830,418 shares in the last quarter. Norges Bank purchased a new stake in shares of Everest Group in the fourth quarter valued at approximately $630,277,000. Vulcan Value Partners LLC grew its position in shares of Everest Group by 6.5% in the fourth quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock valued at $512,288,000 after purchasing an additional 92,274 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Everest Group by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,170,210 shares of the company’s stock valued at $395,671,000 after purchasing an additional 4,978 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Everest Group by 6.1% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 999,581 shares of the company’s stock valued at $350,083,000 after purchasing an additional 57,907 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Down 1.1%

Shares of Everest Group stock opened at $330.77 on Tuesday. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 0.53 and a beta of 0.31. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $368.29. 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 50 day moving average of $340.73 and a 200 day moving average of $331.90.

Everest Group (NYSE:EG) last issued 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%. As a group, research analysts predict that Everest Group, Ltd. will post 52.62 earnings per share for the current year.

Everest Group Dividend Announcement

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

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 8,170 shares in the company, valued at $2,874,532.80. This represents a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EG. Wells Fargo & Company upped their price target on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Citigroup upped their price target on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. BMO Capital Markets upped their price target on Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. UBS Group set a $355.00 price objective on Everest Group in a research report on Thursday, May 21st. Finally, Morgan Stanley increased their price objective on Everest Group from $340.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Everest Group currently has a consensus rating of “Hold” and an average price target of $373.73.

Everest Group 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.