2,091 Shares in Everest Group, Ltd. $EG Bought by Caerus Investment Advisors LLC

Caerus Investment Advisors LLC purchased a new stake in Everest Group, Ltd. (NYSE:EG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,091 shares of the company’s stock, valued at approximately $732,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Everest Group in the 2nd quarter worth about $601,300,000. AQR Capital Management LLC increased its position in shares of Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after buying an additional 830,418 shares during the period. Altrinsic Global Advisors LLC raised its stake in Everest Group by 37.2% in the second quarter. Altrinsic Global Advisors LLC now owns 937,296 shares of the company’s stock worth $318,540,000 after buying an additional 254,317 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Everest Group by 157.5% in the third quarter. Alliancebernstein L.P. now owns 291,886 shares of the company’s stock worth $102,227,000 after buying an additional 178,536 shares during the period. Finally, Causeway Capital Management LLC purchased a new stake in Everest Group in the third quarter worth about $61,531,000. 92.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EG has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Everest Group from $332.00 to $310.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. Evercore set a $365.00 price target on Everest Group in a research report on Wednesday, January 7th. Mizuho set a $360.00 price target on Everest Group in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Finally, Cantor Fitzgerald dropped their target price on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $363.21.

Everest Group Price Performance

Shares of NYSE EG opened at $322.46 on Wednesday. The company has a 50 day simple moving average of $330.10 and a two-hundred day simple moving average of $332.13. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $370.20. The company has a market capitalization of $13.02 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 0.23 and a beta of 0.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share for the quarter, missing the consensus estimate of $13.36 by ($0.10). Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the company earned ($18.39) EPS. The business’s quarterly revenue was down 4.6% on a year-over-year basis. Analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. Everest Group’s dividend payout ratio is currently 21.13%.

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.