Kempner Capital Management Inc. Sells 3,130 Shares of Everest Group, Ltd. $EG

Kempner Capital Management Inc. cut its stake in Everest Group, Ltd. (NYSE:EG) by 48.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,349 shares of the company’s stock after selling 3,130 shares during the period. Kempner Capital Management Inc.’s holdings in Everest Group were worth $1,173,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC raised its stake in Everest Group by 6.2% during the third quarter. Darwin Wealth Management LLC now owns 568 shares of the company’s stock worth $199,000 after acquiring an additional 33 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Everest Group by 4.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 816 shares of the company’s stock valued at $277,000 after purchasing an additional 34 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in Everest Group by 2.9% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 1,493 shares of the company’s stock valued at $507,000 after purchasing an additional 42 shares during the last quarter. Quent Capital LLC grew its stake in Everest Group by 8.1% during the second quarter. Quent Capital LLC now owns 652 shares of the company’s stock worth $221,000 after buying an additional 49 shares during the last quarter. Finally, Rowlandmiller & PARTNERS.ADV grew its stake in Everest Group by 4.0% during the second quarter. Rowlandmiller & PARTNERS.ADV now owns 1,315 shares of the company’s stock worth $447,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Price Performance

Shares of EG stock opened at $337.69 on Friday. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 0.30 and a beta of 0.39. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $373.23. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $323.37 and a 200 day moving average price of $334.09.

Everest Group (NYSE:EG) last released its earnings results on Monday, October 27th. The company reported $7.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). Everest Group had a net margin of 3.12% and a return on equity of 3.74%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the previous year, the company posted $11.80 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. Research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, November 26th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, November 26th. Everest Group’s payout ratio is currently 60.93%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EG shares. Mizuho began coverage on Everest Group in a report on Monday, December 15th. They issued a “neutral” rating and a $359.00 target price on the stock. Evercore ISI increased their target price on Everest Group from $380.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Keefe, Bruyette & Woods lowered their target price on Everest Group from $424.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research report on Wednesday, October 8th. Finally, Cowen restated a “hold” rating on shares of Everest Group in a research report on Tuesday, October 7th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Everest Group has a consensus rating of “Hold” and an average target price of $367.87.

Insiders Place Their Bets

In other Everest Group news, Director Allan Levine bought 3,100 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was bought at an average price of $306.08 per share, for a total transaction of $948,848.00. Following the transaction, the director owned 4,153 shares of the company’s stock, valued at approximately $1,271,150.24. The trade was a 294.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William F. Galtney, Jr. purchased 11,385 shares of Everest Group stock in a transaction dated Wednesday, October 29th. The stock was bought at an average price of $307.38 per share, for a total transaction of $3,499,521.30. Following the completion of the transaction, the director directly owned 45,491 shares in the company, valued at $13,983,023.58. The trade was a 33.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

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.