Fox Run Management L.L.C. Has $382,000 Stake in Everest Group, Ltd. $EG

Fox Run Management L.L.C. reduced its stake in Everest Group, Ltd. (NYSE:EG) by 59.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,090 shares of the company’s stock after selling 1,602 shares during the quarter. Fox Run Management L.L.C.’s holdings in Everest Group were worth $382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MAI Capital Management raised its stake in shares of Everest Group by 4,340.5% in the 3rd quarter. MAI Capital Management now owns 8,215 shares of the company’s stock valued at $2,877,000 after purchasing an additional 8,030 shares during the period. Waddell & Associates LLC grew its holdings in shares of Everest Group by 125.2% during the third quarter. Waddell & Associates LLC now owns 1,673 shares of the company’s stock worth $586,000 after buying an additional 930 shares in the last quarter. Mufg Securities Americas Inc. raised its position in Everest Group by 19.9% in the 3rd quarter. Mufg Securities Americas Inc. now owns 1,131 shares of the company’s stock valued at $396,000 after buying an additional 188 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Everest Group by 105.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,970 shares of the company’s stock valued at $690,000 after acquiring an additional 1,011 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its stake in Everest Group by 94.0% in the 3rd quarter. Clearstead Advisors LLC now owns 1,649 shares of the company’s stock valued at $578,000 after acquiring an additional 799 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Performance

NYSE EG opened at $335.29 on Monday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average price is $332.38 and its two-hundred day moving average price is $333.11. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $370.20. The firm has a market capitalization of $13.54 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 0.24 and a beta of 0.34.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $13.26 EPS for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The firm had revenue of $4.42 billion during 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%. The business’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the business earned ($18.39) EPS. As a group, research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th. Everest Group’s payout ratio is 21.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EG. Raymond James Financial reaffirmed an “outperform” rating and set a $350.00 price target on shares of Everest Group in a research note on Monday, November 3rd. TD Cowen reduced their target price on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a report on Monday, December 15th. Wall Street Zen downgraded shares of Everest Group from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Wells Fargo & Company cut 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 research report on Friday, February 6th. 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. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.