Northwestern Mutual Wealth Management Co. Raises Stock Position in Everest Group, Ltd. $EG

Northwestern Mutual Wealth Management Co. grew its holdings in Everest Group, Ltd. (NYSE:EG) by 12,322.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 519,243 shares of the company’s stock after purchasing an additional 515,063 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Everest Group were worth $176,205,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Everest Group in the 3rd quarter valued at $30,000. Activest Wealth Management purchased a new position in shares of Everest Group in the 4th quarter valued at $34,000. UMB Bank n.a. raised its stake in shares of Everest Group by 81.4% in the 3rd quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after acquiring an additional 48 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Everest Group in the 2nd quarter valued at $39,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Everest Group in the 2nd quarter valued at $43,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup raised their target price on shares of Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research note on Tuesday. Keefe, Bruyette & Woods lifted 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. Wells Fargo & Company lifted their price target on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Barclays lifted their price target on shares of Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Everest Group currently has a consensus rating of “Hold” and an average price target of $374.00.

Insider Buying and Selling at Everest Group

In other news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value of $272,676.00. Following the completion of the sale, the chief executive officer owned 8,170 shares of the company’s stock, valued at approximately $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Everest Group Stock Performance

Everest Group stock opened at $351.45 on Friday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $368.29. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.26 and a beta of 0.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. The firm’s fifty day moving average price is $335.60 and its 200 day moving average price is $329.70.

Everest Group (NYSE:EG) last released its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The firm had revenue of $4.07 billion for the quarter. On average, research analysts forecast that Everest Group, Ltd. will post 52.71 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a $2.00 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $8.00 annualized dividend and a dividend yield of 2.3%. Everest Group’s payout ratio is presently 16.27%.

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.