Key Points
- Everest Group CEO Jason Keen sold 775 shares on May 7 at an average price of $351.84, generating about $272,676. After the sale, he still directly owned 8,170 shares valued at roughly $2.87 million.
- The sale reduced his ownership by 8.66%, and the transaction was disclosed in a filing with the Securities and Exchange Commission.
- Everest Group shares were trading slightly lower at $350.18, while the company continues to show solid financial metrics, including a quarterly EPS of $16.08 and a dividend yield of 2.3%.
Everest Group, Ltd. (NYSE:EG - Get Free Report) 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 transaction of $272,676.00. Following the sale, the chief executive officer directly owned 8,170 shares in the company, valued at $2,874,532.80. The trade was a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Everest Group Trading Down 0.4%
EG opened at $350.18 on Tuesday. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $368.29. 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 has a market capitalization of $13.86 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 0.26 and a beta of 0.35. The company's 50 day moving average price is $334.51 and its two-hundred day moving average price is $329.54.
Everest Group (NYSE:EG - Get Free Report) last posted its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share 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. As a group, research analysts predict that Everest Group, Ltd. will post 52.71 earnings per share for the current year.
Everest Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, March 13th. Everest Group's payout ratio is presently 16.27%.
Institutional Trading of Everest Group
Institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Everest Group in the 3rd quarter worth $30,000. Activest Wealth Management bought a new stake in shares of Everest Group in the 4th quarter worth $34,000. Raiffeisen Bank International AG bought a new stake in shares of Everest Group in the 4th quarter worth $34,000. UMB Bank n.a. grew 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 worth $37,000 after acquiring an additional 48 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Everest Group in the 4th quarter worth $37,000. Institutional investors own 92.64% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted 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 report on Wednesday, May 6th. Mizuho boosted their target price on shares of Everest Group from $365.00 to $388.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Everest Group from a "strong sell" rating to a "hold" rating in a research report on Monday, January 12th. Morgan Stanley set a $340.00 target price on shares of Everest Group in a research report on Thursday. Finally, UBS Group upped their price objective on shares of Everest Group from $370.00 to $374.00 and gave the stock a "neutral" rating in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $371.50.
Read Our Latest Stock Report on EG
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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