TD Asset Management Inc Sells 3,763 Shares of Everest Group, Ltd. $EG

TD Asset Management Inc cut its holdings in Everest Group, Ltd. (NYSE:EG) by 7.6% during the third quarter, HoldingsChannel reports. The firm owned 45,871 shares of the company’s stock after selling 3,763 shares during the period. TD Asset Management Inc’s holdings in Everest Group were worth $16,065,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in EG. Natixis grew its stake in shares of Everest Group by 1,456.3% in the second quarter. Natixis now owns 65,941 shares of the company’s stock worth $22,410,000 after acquiring an additional 61,704 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Everest Group by 1,863.2% in the 2nd quarter. Osaic Holdings Inc. now owns 25,208 shares of the company’s stock valued at $9,137,000 after purchasing an additional 23,924 shares during the period. Balyasny Asset Management L.P. grew its position in Everest Group by 37.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 336,692 shares of the company’s stock worth $114,425,000 after purchasing an additional 91,799 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Everest Group by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company’s stock worth $228,418,000 after purchasing an additional 29,586 shares during the period. Finally, Brighton Jones LLC raised its position in shares of Everest Group by 157.9% during the third quarter. Brighton Jones LLC now owns 6,635 shares of the company’s stock valued at $2,324,000 after buying an additional 4,062 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EG. Raymond James Financial reissued an “outperform” rating and set a $350.00 target price on shares of Everest Group in a research report on Monday, November 3rd. Keefe, Bruyette & Woods raised their price objective on Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Barclays upped their target price on Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Finally, Wall Street Zen downgraded shares of Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $363.21.

Everest Group Price Performance

Shares of EG stock opened at $335.29 on Monday. The stock’s fifty day simple moving average is $332.38 and its 200 day simple moving average is $333.11. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $370.20. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 0.24 and a beta of 0.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $13.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business posted ($18.39) earnings per share. The firm’s revenue was down 4.6% compared to the same quarter last year. On average, analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th. Everest Group’s dividend payout ratio is currently 21.13%.

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.