UBS Group AG Sells 17,537 Shares of Everest Group, Ltd. $EG

UBS Group AG lessened its holdings in Everest Group, Ltd. (NYSE:EG) by 8.0% during the fourth quarter, Holdings Channel reports. The fund owned 200,374 shares of the company’s stock after selling 17,537 shares during the period. UBS Group AG’s holdings in Everest Group were worth $67,997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EG. Bartlett & CO. Wealth Management LLC increased its position in Everest Group by 2.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock worth $571,000 after buying an additional 34 shares during the period. Wealthfront Advisers LLC increased its position in Everest Group by 2.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock worth $513,000 after buying an additional 40 shares during the period. BayBridge Capital Group LLC increased its position in Everest Group by 4.4% during the 4th quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company’s stock worth $345,000 after buying an additional 43 shares during the period. Van ECK Associates Corp increased its position in Everest Group by 6.4% during the 3rd quarter. Van ECK Associates Corp now owns 744 shares of the company’s stock worth $261,000 after buying an additional 45 shares during the period. Finally, Center For Asset Management LLC increased its position in Everest Group by 2.0% during the 3rd quarter. Center For Asset Management LLC now owns 2,353 shares of the company’s stock worth $824,000 after buying an additional 46 shares during the period. Institutional investors own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

EG has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Barclays raised their price target on Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Cantor Fitzgerald decreased their price target on Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. UBS Group increased their price objective on shares of Everest Group from $370.00 to $374.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Zacks Research upgraded shares of Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $368.21.

Everest Group Stock Performance

NYSE EG opened at $347.44 on Tuesday. The firm’s fifty day moving average price is $333.26 and its two-hundred day moving average price is $329.43. The stock has a market cap of $17.28 billion, a PE ratio of 7.07, a PEG ratio of 0.26 and a beta of 0.35. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $368.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.35.

Everest Group (NYSE:EG) last posted its earnings results on Wednesday, April 29th. The company reported $16.08 earnings per share for the quarter, topping analysts’ consensus estimates of $13.97 by $2.11. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.17 billion. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The company’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.45 earnings per share. On average, equities analysts expect that Everest Group, Ltd. will post 53.31 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, March 13th. Everest Group’s payout ratio is 16.27%.

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.