Oppenheimer & Co. Inc. Lowers Position in Everest Group, Ltd. $EG

Key Points

• Oppenheimer & Co. cut its stake in Everest Group by 82.6% in Q4, selling 11,559 shares and leaving it with 2,433 shares worth about $826,000.
• Everest reported quarterly EPS of $16.08 on $4.07 billion in revenue; the stock trades at a P/E of 7.15 with a $13.92 billion market cap and pays a quarterly dividend of $2.00 (annual $8.00, yield 2.3%).
• Institutional ownership is high at 92.64%, and analysts' consensus is a "Hold" (five Buy, eleven Hold) with a mean target price of $371.50, while several firms have recently adjusted price targets upward.

Oppenheimer & Co. Inc. trimmed its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 82.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,433 shares of the company's stock after selling 11,559 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Everest Group were worth $826,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EG. Geneos Wealth Management Inc. grew its holdings in Everest Group by 98.9% in the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company's stock valued at $66,000 after purchasing an additional 90 shares during the period. Sivia Capital Partners LLC acquired a new position in Everest Group during the second quarter valued at approximately $384,000. Marshall Wace LLP acquired a new position in Everest Group during the second quarter valued at approximately $238,000. Jump Financial LLC acquired a new position in Everest Group during the second quarter valued at approximately $1,510,000. Finally, Federated Hermes Inc. lifted its position in Everest Group by 3.7% during the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company's stock valued at $4,898,000 after buying an additional 510 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Trading Down 0.0%

NYSE EG opened at $351.74 on Friday. The company's fifty day simple moving average is $333.95 and its 200-day simple moving average is $329.54. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $368.29. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The stock has a market cap of $13.92 billion, a P/E ratio of 7.15, a PEG ratio of 0.26 and a beta of 0.35.

Everest Group (NYSE:EG - Get Free Report) last posted its earnings results 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 for the quarter. Equities research analysts predict that Everest Group, Ltd. will post 52.81 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders 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 of this dividend was Friday, March 13th. Everest Group's payout ratio is presently 16.27%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays lifted their price target on shares of Everest Group from $377.00 to $380.00 and gave the company an "overweight" rating in a research report on Wednesday, April 8th. UBS Group lifted their price target on shares of Everest Group from $370.00 to $374.00 and gave the company a "neutral" rating in a research report on Monday. Cantor Fitzgerald reduced their price target on shares of Everest Group from $348.00 to $344.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 14th. Mizuho lifted their price target on shares of Everest Group from $365.00 to $388.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their price target 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. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, Everest Group presently has an average rating of "Hold" and a consensus target price of $371.50.

About Everest Group

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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