Everest Group, Ltd. $EG Shares Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC boosted its position in Everest Group, Ltd. (NYSE:EG) by 170.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,877 shares of the company’s stock after acquiring an additional 3,701 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Everest Group were worth $2,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Everest Group in the 2nd quarter worth about $601,300,000. Geode Capital Management LLC increased its position in Everest Group by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,211,474 shares of the company’s stock worth $414,385,000 after purchasing an additional 6,217 shares in the last quarter. AQR Capital Management LLC increased its position in Everest Group by 65.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,180,615 shares of the company’s stock worth $399,626,000 after purchasing an additional 467,656 shares in the last quarter. Altrinsic Global Advisors LLC raised its holdings in Everest Group by 37.2% in the second quarter. Altrinsic Global Advisors LLC now owns 937,296 shares of the company’s stock valued at $318,540,000 after buying an additional 254,317 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Everest Group by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company’s stock valued at $228,418,000 after buying an additional 29,586 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Up 0.4%

Shares of NYSE EG opened at $337.44 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.37. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $370.20. The stock’s 50-day simple moving average is $329.65 and its 200-day simple moving average is $332.45. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.25 and a beta of 0.36.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 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 business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the company posted ($18.39) EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, equities analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EG. Wells Fargo & Company dropped their price objective on shares of Everest Group from $332.00 to $310.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Keefe, Bruyette & Woods increased their price target on Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Barclays raised their price objective on Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Finally, UBS Group reiterated a “buy” rating and set a $345.00 target price on shares of Everest Group in a report on Monday, January 12th. Six research 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 currently has an average rating of “Hold” and an average target price of $363.21.

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.