Fideuram Asset Management Ireland dac Acquires Shares of 3,064 Everest Group, Ltd. $EG

Fideuram Asset Management Ireland dac acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the fourth quarter, Holdings Channel reports. The firm acquired 3,064 shares of the company’s stock, valued at approximately $1,000,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC boosted its holdings in Everest Group by 2.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock valued at $571,000 after purchasing an additional 34 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in Everest Group by 2.8% during the third quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock valued at $513,000 after purchasing an additional 40 shares in the last quarter. GenTrust LLC boosted its holdings in Everest Group by 4.8% during the fourth quarter. GenTrust LLC now owns 874 shares of the company’s stock valued at $297,000 after purchasing an additional 40 shares in the last quarter. BayBridge Capital Group LLC boosted its holdings in Everest Group by 4.4% during the fourth quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company’s stock valued at $345,000 after purchasing an additional 43 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Everest Group by 1.3% during the fourth quarter. D.A. Davidson & CO. now owns 3,451 shares of the company’s stock valued at $1,171,000 after purchasing an additional 44 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EG shares. Citigroup lifted their price objective on Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Wells Fargo & Company lifted their price objective on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a report on Friday, May 22nd. UBS Group set a $355.00 price objective on Everest Group in a report on Thursday, May 21st. Finally, Bank of America lifted their price objective on Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. 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.com, Everest Group has a consensus rating of “Hold” and an average price target of $373.73.

Everest Group Stock Down 2.8%

Shares of EG opened at $323.94 on Friday. The company has a market capitalization of $12.82 billion, a P/E ratio of 6.59, a PEG ratio of 0.51 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. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $368.29. The business’s 50 day simple moving average is $340.31 and its 200-day simple moving average is $331.83.

Everest Group (NYSE:EG) last announced its earnings results on Monday, March 23rd. The company reported $16.08 EPS for the quarter. The business had revenue of $4.07 billion for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. As a group, sell-side analysts predict that Everest Group, Ltd. will post 52.62 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, June 12th. Everest Group’s payout ratio is presently 16.27%.

Insider Activity at Everest Group

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

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.