SG Americas Securities LLC Grows Stake in Everest Group, Ltd. $EG

SG Americas Securities LLC raised its position in shares of Everest Group, Ltd. (NYSE:EG) by 598.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,112 shares of the company’s stock after purchasing an additional 29,227 shares during the period. SG Americas Securities LLC’s holdings in Everest Group were worth $11,576,000 as of its most recent filing with the Securities & Exchange Commission.

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

Everest Group Price Performance

NYSE:EG opened at $317.63 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $12.83 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 0.23 and a beta of 0.34. The company has a 50 day moving average price of $329.10 and a 200-day moving average price of $330.96. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $370.20.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Thursday, February 5th. The company reported $13.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the company posted ($18.39) earnings per share. Equities research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, March 13th. Everest Group’s dividend payout ratio is presently 21.13%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EG shares. UBS Group reissued a “buy” rating and issued a $345.00 price objective on shares of Everest Group in a report on Monday, January 12th. Cantor Fitzgerald cut their price objective on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Barclays boosted their target price on shares of Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Wells Fargo & Company lowered their price target on shares of Everest Group from $332.00 to $310.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. Finally, Mizuho set a $360.00 price objective on Everest Group in a research note on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Everest Group presently has a consensus rating of “Hold” and a consensus price target of $363.21.

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.