Vise Technologies Inc. Purchases New Shares in Everest Group, Ltd. $EG

Vise Technologies Inc. acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the second quarter, HoldingsChannel reports. The fund acquired 1,552 shares of the company’s stock, valued at approximately $555,000.

Other institutional investors have also added to or reduced their stakes in the company. Algebris UK Ltd. purchased a new stake in Everest Group in the fourth quarter worth about $23,460,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Everest Group by 12,322.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock worth $176,205,000 after acquiring an additional 515,063 shares during the period. Bank of America Corp DE grew its holdings in shares of Everest Group by 7.7% during the 1st quarter. Bank of America Corp DE now owns 233,326 shares of the company’s stock worth $76,263,000 after acquiring an additional 16,701 shares during the period. National Pension Service raised its position in shares of Everest Group by 13.2% in the 4th quarter. National Pension Service now owns 44,113 shares of the company’s stock worth $14,970,000 after acquiring an additional 5,157 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Everest Group by 507.4% in the 1st quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock worth $147,102,000 after acquiring an additional 375,846 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings upgraded Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Evercore set a $377.00 price objective on Everest Group in a report on Thursday, July 30th. BMO Capital Markets boosted their target price on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Cantor Fitzgerald boosted their target price on shares of Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Barclays upped their target price on shares of Everest Group from $420.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $395.27.

Everest Group Stock Performance

Everest Group stock opened at $376.64 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $14.44 billion, a P/E ratio of 7.96, a PEG ratio of 0.73 and a beta of 0.29. The stock’s 50 day moving average is $367.10 and its 200 day moving average is $347.23. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $401.07.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.52 by $0.33. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the business earned $16.10 earnings per share. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, equities research analysts predict that Everest Group, Ltd. will post 52.91 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. The ex-dividend date is Wednesday, September 9th. This represents a $8.00 annualized dividend and a dividend yield of 2.1%. Everest Group’s dividend payout ratio (DPR) is presently 16.92%.

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.