Sei Investments Co. Purchases 14,314 Shares of Everest Group, Ltd. $EG

Sei Investments Co. raised its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 12.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,583 shares of the company’s stock after purchasing an additional 14,314 shares during the quarter. Sei Investments Co. owned approximately 0.32% of Everest Group worth $41,700,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Everest Group in the fourth quarter valued at approximately $630,277,000. AQR Capital Management LLC boosted its holdings in Everest Group by 70.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after buying an additional 830,418 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Everest Group by 12,322.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after buying an additional 515,063 shares in the last quarter. Hsbc Holdings PLC grew its stake in Everest Group by 507.4% in the 1st quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock valued at $147,102,000 after buying an additional 375,846 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Everest Group by 181.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 498,697 shares of the company’s stock valued at $169,233,000 after acquiring an additional 321,376 shares during the period. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

EG has been the topic of several recent research reports. Bank of America increased their target price on Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Citigroup boosted their price objective on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Atlantic Securities set a $484.00 target price on Everest Group in a research note on Wednesday, July 15th. Evercore set a $375.00 target price on Everest Group in a research note on Friday, July 10th. Finally, Mizuho lifted their target price on Everest Group from $388.00 to $418.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $387.73.

Insider Buying and Selling at Everest Group

In related 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 directly owned 8,170 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Everest Group Price Performance

NYSE:EG opened at $385.50 on Monday. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $386.87. The stock has a fifty day moving average of $352.67 and a 200 day moving average of $340.29. 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 firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 7.84, a P/E/G ratio of 0.60 and a beta of 0.29.

Everest Group (NYSE:EG) last announced its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The business had revenue of $4.07 billion for the quarter. On average, research analysts expect that Everest Group, Ltd. will post 52.86 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio is 16.27%.

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.