Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires Shares of 43,556 Everest Group, Ltd. $EG

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 43,556 shares of the company’s stock, valued at approximately $14,781,000.

A number of other institutional investors have also recently modified their holdings of EG. Geneos Wealth Management Inc. lifted its position in shares of Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after acquiring an additional 90 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Everest Group during the 2nd quarter valued at $384,000. Marshall Wace LLP bought a new stake in shares of Everest Group during the 2nd quarter valued at $238,000. Jump Financial LLC bought a new stake in shares of Everest Group during the 2nd quarter valued at $1,510,000. Finally, Federated Hermes Inc. lifted its position in shares of Everest Group by 3.7% during the 2nd quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after acquiring an additional 510 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EG shares. UBS Group upped their target price on Everest Group from $370.00 to $374.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Mizuho upped their target price on Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Citigroup upped their target price on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $374.00.

Everest Group Price Performance

Everest Group stock opened at $357.02 on Wednesday. The company has a market capitalization of $14.13 billion, a PE ratio of 7.26, a P/E/G ratio of 0.27 and a beta of 0.35. The stock has a 50-day moving average price of $336.51 and a two-hundred day moving average price of $330.30. 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, Ltd. has a 12 month low of $302.44 and a 12 month high of $368.29.

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

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid 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 2.2%. Everest Group’s dividend payout ratio is presently 16.27%.

Insider Buying and Selling at Everest Group

In other news, CEO Jason Keen sold 775 shares of the stock in a transaction dated Thursday, May 7th. The stock was 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. This represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

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.