Everest Group, Ltd. $EG Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 50.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,125 shares of the company’s stock after selling 11,402 shares during the period. Natixis Advisors LLC’s holdings in Everest Group were worth $3,775,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Bartlett & CO. Wealth Management LLC grew its position in shares of 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 during the last quarter. Wealthfront Advisers LLC grew its position in shares of Everest Group by 2.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock valued at $513,000 after buying an additional 40 shares during the last quarter. GenTrust LLC grew its position in shares of Everest Group by 4.8% during the 4th quarter. GenTrust LLC now owns 874 shares of the company’s stock valued at $297,000 after buying an additional 40 shares during the last quarter. BayBridge Capital Group LLC grew its position in shares of Everest Group by 4.4% during the 4th quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company’s stock valued at $345,000 after buying an additional 43 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Everest Group by 1.3% during the 4th quarter. D.A. Davidson & CO. now owns 3,451 shares of the company’s stock valued at $1,171,000 after buying an additional 44 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Price Performance

Shares of NYSE:EG opened at $331.70 on Wednesday. The firm’s 50 day moving average is $341.01 and its two-hundred day moving average is $332.04. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $368.29. The firm has a market capitalization of $13.13 billion, a P/E ratio of 6.75, a PEG ratio of 0.52 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.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The company had revenue of $4.07 billion for the quarter. Analysts anticipate 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 $2.00 dividend. The ex-dividend date is Friday, June 12th. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. Everest Group’s dividend payout ratio (DPR) is presently 16.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EG. Wells Fargo & Company boosted their price objective on shares of Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Barclays boosted their price objective on shares of Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Bank of America boosted their price objective on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Citigroup boosted their price objective on shares of Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $373.73.

Insider Activity at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value 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. This trade represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

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.