Everest Group, Ltd. $EG Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,870 shares of the company’s stock after selling 3,109 shares during the quarter. Tredje AP fonden’s holdings in Everest Group were worth $4,157,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EG. Essex Financial Services Inc. purchased a new stake in Everest Group during the 3rd quarter worth approximately $299,000. Syon Capital LLC acquired a new stake in shares of Everest Group during the third quarter worth approximately $242,000. NEOS Investment Management LLC increased its stake in shares of Everest Group by 180.9% in the third quarter. NEOS Investment Management LLC now owns 1,688 shares of the company’s stock worth $591,000 after buying an additional 1,087 shares during the last quarter. Rothschild Investment LLC raised its holdings in Everest Group by 8,475.0% in the third quarter. Rothschild Investment LLC now owns 1,372 shares of the company’s stock valued at $481,000 after acquiring an additional 1,356 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in Everest Group by 142.0% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 118,187 shares of the company’s stock valued at $41,393,000 after acquiring an additional 69,346 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Down 0.2%

Shares of Everest Group stock opened at $342.28 on Friday. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.25 and a beta of 0.36. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $370.20. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $331.63 and its 200-day simple moving average is $332.85.

Everest Group (NYSE:EG) last released its quarterly earnings data on Wednesday, February 4th. The company reported $13.26 earnings per share (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 company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the firm earned ($18.39) EPS. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities research analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Wall Street Analyst Weigh In

EG has been the subject of several research analyst reports. UBS Group reissued a “buy” rating and issued a $345.00 target price on shares of Everest Group in a research report on Monday, January 12th. TD Cowen decreased their price target on Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a research note on Monday, December 15th. Wall Street Zen cut Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $350.00 target price on shares of Everest Group in a research report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods boosted 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. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $363.21.

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.