Everest Group (NYSE:EG) CEO Jason Keen Sells 775 Shares

by · The Cerbat Gem

Everest Group, Ltd. (NYSE:EGGet Free Report) CEO Jason Keen sold 775 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total transaction of $272,676.00. Following the transaction, the chief executive officer owned 8,170 shares of the company’s stock, valued at $2,874,532.80. This trade represents a 8.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Everest Group Price Performance

EG stock traded down $1.34 during trading on Monday, hitting $350.18. 349,763 shares of the company’s stock traded hands, compared to its average volume of 356,950. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $368.29. 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 business has a fifty day simple moving average of $333.95 and a 200 day simple moving average of $329.54. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 0.26 and a beta of 0.35.

Everest Group (NYSE:EGGet Free Report) last released its quarterly earnings data on Monday, March 23rd. The company reported $16.08 EPS for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The business had revenue of $4.07 billion during the quarter. As a group, research analysts expect that Everest Group, Ltd. will post 52.71 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $8.00 annualized dividend and a dividend yield of 2.3%. Everest Group’s dividend payout ratio is currently 16.27%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EG. Cantor Fitzgerald reduced their target price on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Bank of America increased their target price on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods increased their target price on shares of Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Wells Fargo & Company increased their target price on shares of Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Mizuho increased their target price on shares of Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $371.50.

Get Our Latest Stock Report on Everest Group

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EG. Geneos Wealth Management Inc. increased its stake in Everest Group by 98.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after buying an additional 90 shares during the period. Sivia Capital Partners LLC purchased a new position in Everest Group in the 2nd quarter worth about $384,000. Marshall Wace LLP purchased a new position in Everest Group in the 2nd quarter worth about $238,000. Jump Financial LLC purchased a new position in Everest Group in the 2nd quarter worth about $1,510,000. Finally, Federated Hermes Inc. increased its stake in Everest Group by 3.7% in the 2nd quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock worth $4,898,000 after buying an additional 510 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Company Profile

(Get Free Report)

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.

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