Everest Group, Ltd. (NYSE:EG) Given Consensus Recommendation of “Hold” by Brokerages

Everest Group, Ltd. (NYSE:EG) has earned a consensus rating of “Hold” from the sixteen analysts that are covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $363.2143.

Several analysts have commented on EG shares. Mizuho set a $360.00 price target on shares of Everest Group in a research report on Wednesday, February 11th. TD Cowen cut their price objective on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a research report on Monday, December 15th. Cantor Fitzgerald decreased their target price on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Keefe, Bruyette & Woods upped their price target on Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th.

Everest Group Trading Down 0.6%

Shares of NYSE:EG opened at $320.46 on Friday. Everest Group has a 12-month low of $302.44 and a 12-month high of $370.20. The business’s fifty day simple moving average is $330.72 and its 200-day simple moving average is $332.53. The company has a market capitalization of $12.94 billion, a PE ratio of 8.46, a P/E/G ratio of 0.23 and a beta of 0.34. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $13.26 earnings per share for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the company earned ($18.39) earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities research analysts predict that Everest Group will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. Everest Group’s dividend payout ratio is currently 21.13%.

Institutional Investors Weigh In On Everest Group

Several institutional investors have recently added to or reduced their stakes in EG. Natixis boosted its holdings in Everest Group by 1,456.3% in the second quarter. Natixis now owns 65,941 shares of the company’s stock valued at $22,410,000 after purchasing an additional 61,704 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Everest Group by 1,863.2% in the second quarter. Osaic Holdings Inc. now owns 25,208 shares of the company’s stock valued at $9,137,000 after purchasing an additional 23,924 shares during the period. Balyasny Asset Management L.P. increased its holdings in Everest Group by 37.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 336,692 shares of the company’s stock worth $114,425,000 after acquiring an additional 91,799 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Everest Group by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company’s stock worth $228,418,000 after purchasing an additional 29,586 shares in the last quarter. Finally, Brighton Jones LLC increased its stake in Everest Group by 157.9% during the 3rd quarter. Brighton Jones LLC now owns 6,635 shares of the company’s stock worth $2,324,000 after buying an additional 4,062 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

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.