Lighthouse Investment Partners LLC Has $14.79 Million Holdings in Everest Group, Ltd. $EG

Lighthouse Investment Partners LLC boosted its stake in Everest Group, Ltd. (NYSE:EG) by 280.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,237 shares of the company’s stock after purchasing an additional 31,133 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Everest Group were worth $14,793,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EG. Integrated Wealth Concepts LLC boosted its holdings in Everest Group by 21.6% during the third quarter. Integrated Wealth Concepts LLC now owns 14,467 shares of the company’s stock worth $5,067,000 after buying an additional 2,569 shares during the last quarter. Gotham Asset Management LLC grew its position in shares of Everest Group by 44.9% during the 3rd quarter. Gotham Asset Management LLC now owns 10,775 shares of the company’s stock worth $3,774,000 after buying an additional 3,339 shares during the period. Focus Partners Wealth increased its stake in shares of Everest Group by 127.1% in the 3rd quarter. Focus Partners Wealth now owns 9,276 shares of the company’s stock valued at $3,181,000 after acquiring an additional 5,191 shares during the last quarter. Clough Capital Partners L P raised its position in shares of Everest Group by 1.2% in the 3rd quarter. Clough Capital Partners L P now owns 40,285 shares of the company’s stock valued at $14,109,000 after acquiring an additional 490 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Everest Group by 35.5% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,229 shares of the company’s stock valued at $430,000 after acquiring an additional 322 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analysts Set New Price Targets

EG has been the topic of several recent analyst reports. Barclays boosted their price objective on shares of Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Cantor Fitzgerald cut their target price on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Mizuho set a $360.00 price target on shares of Everest Group in a research report on Wednesday, February 11th. UBS Group reissued a “buy” rating and issued a $345.00 price target on shares of Everest Group in a report on Monday, January 12th. Finally, Evercore set a $365.00 price objective on shares of Everest Group in a research report on Wednesday, January 7th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and a consensus target price of $363.21.

Everest Group Price Performance

NYSE EG opened at $320.46 on Monday. The business has a 50 day simple moving average of $330.72 and a 200 day simple moving average of $332.40. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $370.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 0.23 and a beta of 0.34.

Everest Group (NYSE:EG) last announced its earnings results on Wednesday, February 4th. The company reported $13.26 EPS for the quarter, missing the consensus estimate of $13.36 by ($0.10). Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the business posted ($18.39) earnings per share. The business’s quarterly revenue was down 4.6% on a year-over-year basis. Analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, March 13th. Everest Group’s dividend payout ratio (DPR) is presently 21.13%.

Everest Group Company Profile

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.