Everest Group, Ltd. $EG Position Increased by Board of the Pension Protection Fund

Board of the Pension Protection Fund grew its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 293.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,120 shares of the company’s stock after acquiring an additional 3,820 shares during the quarter. Everest Group comprises 1.7% of Board of the Pension Protection Fund’s investment portfolio, making the stock its 10th largest position. Board of the Pension Protection Fund’s holdings in Everest Group were worth $1,737,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of Everest Group in the third quarter worth approximately $30,000. UMB Bank n.a. lifted its position in Everest Group by 81.4% during the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after purchasing an additional 48 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Everest Group in the 2nd quarter worth approximately $39,000. MUFG Securities EMEA plc bought a new position in shares of Everest Group in the 2nd quarter worth $43,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Everest Group by 57.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 134 shares of the company’s stock worth $47,000 after buying an additional 49 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Evercore set a $365.00 price objective on shares of Everest Group in a report on Wednesday, January 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Zacks Research upgraded Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Wells Fargo & Company dropped their price target on Everest Group from $332.00 to $310.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Finally, Mizuho set a $360.00 price objective on Everest Group in a report on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and an average target price of $363.21.

Everest Group Trading Down 1.2%

Shares of EG opened at $315.88 on Friday. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.23 and a beta of 0.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $370.20. The firm has a 50 day moving average price of $329.44 and a 200-day moving average price of $331.93.

Everest Group (NYSE:EG) last released 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). The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $3.97 billion. Everest Group had a net margin of 9.09% and a return on equity of 12.50%. Everest Group’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted ($18.39) EPS. As a group, equities research analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, March 13th. Everest Group’s dividend payout ratio is presently 21.13%.

Everest Group 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.