Everest Group Ltd (EG) has seen a series of notable investments and changes in its corporate structure. The Illinois Municipal Retirement Fund and Lecap Asset Management Ltd raised their positions in EG while Oppenheimer & Co Inc., Bright Futures Wealth Management LLC and QRG Capital Management Inc. reduced theirs. New appointees include Finance Veteran Allan Levine and former PGIM HR Chief to the board of directors. The firm also appointed a new Chief Human Resources Officer. EG's stock is trading at 6.44X, a discount to the industry. Companies including Perpetual Ltd and Robeco Institutional Asset Management B.V. purchased significant EG shares. However, EG's expected Q2 EPS was lowered by Zacks Research. EG's coverage was initiated by Janney Montgomery Scott and the company received a 'buy' rating. Insider buying was noticed with the CEO purchasing 1,000 shares of EG's stock. Brokerages set the EG stock price target at $398.09. Despite these changes, EG stocks have underperformed the Dow and received criticism for apparent troubles with growing too fast. EG also announced a leadership transition and projected a $1.4 Billion net income for 2024.
Everest Group Ltd EG News Analytics from Thu, 18 May 2023 07:00:00 GMT to Sat, 28 Jun 2025 14:10:42 GMT -
Rating 3
- Innovation 2
- Information 7
- Rumor -3
