Elevation Point Wealth Partners LLC Increases Holdings in Everest Group, Ltd. $EG

Elevation Point Wealth Partners LLC lifted its holdings in Everest Group, Ltd. (NYSE:EG) by 898.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,022 shares of the company’s stock after acquiring an additional 8,118 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Everest Group were worth $2,949,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EG. Bartlett & CO. Wealth Management LLC grew its position in shares of Everest Group by 2.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock worth $571,000 after purchasing an additional 34 shares in the last quarter. Siemens Fonds Invest GmbH lifted its holdings in Everest Group by 3.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock worth $364,000 after purchasing an additional 34 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Everest Group by 27.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock worth $58,000 after purchasing an additional 37 shares in the last quarter. GenTrust LLC boosted its stake 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 purchasing an additional 40 shares during the period. Finally, Tred Avon Family Wealth LLC boosted its stake in Everest Group by 6.5% in the 1st quarter. Tred Avon Family Wealth LLC now owns 657 shares of the company’s stock worth $215,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Up 0.1%

Shares of EG opened at $371.55 on Friday. The stock has a market capitalization of $14.70 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 0.57 and a beta of 0.29. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $372.36. The business’s 50 day simple moving average is $345.03 and its 200-day simple moving average is $336.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37.

Everest Group (NYSE:EG) last posted its earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The firm had revenue of $4.07 billion during the quarter. As a group, equities analysts expect that Everest Group, Ltd. will post 52.79 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $2.00 per share. The ex-dividend date was Friday, June 12th. This represents a $8.00 annualized dividend and a yield of 2.2%. Everest Group’s dividend payout ratio (DPR) is 16.27%.

Insider Buying and Selling

In other Everest Group news, CEO Jason Keen sold 775 shares of the stock in a transaction on Thursday, May 7th. The shares were 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 owned 8,170 shares in the company, valued at $2,874,532.80. This trade 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 through this link. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EG has been the topic of several recent analyst reports. Citigroup lifted 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. Bank of America raised their target price on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Barclays lifted their price target on shares of Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, BMO Capital Markets increased their price objective on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $370.07.

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.