JB Capital LLC Takes $3.37 Million Position in Everest Group, Ltd. $EG

JB Capital LLC purchased a new position in shares of Everest Group, Ltd. (NYSE:EG) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 9,622 shares of the company’s stock, valued at approximately $3,370,000.

Several other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its position in Everest Group by 1.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,969 shares of the company’s stock worth $3,259,000 after buying an additional 89 shares during the period. Panagora Asset Management Inc. increased its position in Everest Group by 95.8% during the first quarter. Panagora Asset Management Inc. now owns 7,415 shares of the company’s stock worth $2,694,000 after acquiring an additional 3,628 shares during the period. Baird Financial Group Inc. increased its position in Everest Group by 33.4% during the first quarter. Baird Financial Group Inc. now owns 1,602 shares of the company’s stock worth $582,000 after acquiring an additional 401 shares during the period. Quarry LP acquired a new stake in Everest Group in the 1st quarter worth about $72,000. Finally, Graham Capital Management L.P. boosted its holdings in Everest Group by 68.4% in the 1st quarter. Graham Capital Management L.P. now owns 3,405 shares of the company’s stock valued at $1,237,000 after purchasing an additional 1,383 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on EG. Cowen reiterated a “hold” rating on shares of Everest Group in a research report on Tuesday, October 7th. Wells Fargo & Company lowered their price objective on Everest Group from $383.00 to $343.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 29th. Mizuho started coverage on Everest Group in a research report on Monday, December 15th. They set a “neutral” rating and a $359.00 target price for the company. Evercore ISI increased their target price on Everest Group from $380.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Everest Group in a research note on Monday, November 3rd. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $367.87.

Everest Group Price Performance

Shares of NYSE EG opened at $342.04 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $14.36 billion, a PE ratio of 26.05, a P/E/G ratio of 0.31 and a beta of 0.39. The firm has a fifty day simple moving average of $323.02 and a 200 day simple moving average of $334.12. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $373.23.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $3.86 billion. Everest Group had a return on equity of 3.74% and a net margin of 3.12%.The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $11.80 earnings per share. On average, sell-side analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, November 26th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, November 26th. Everest Group’s payout ratio is presently 60.93%.

Insider Activity at Everest Group

In other Everest Group news, Director William F. Galtney, Jr. purchased 11,385 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were purchased at an average cost of $307.38 per share, for a total transaction of $3,499,521.30. Following the acquisition, the director owned 45,491 shares of the company’s stock, valued at approximately $13,983,023.58. This represents a 33.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Allan Levine acquired 3,100 shares of Everest Group stock in a transaction dated Wednesday, October 29th. The shares were bought at an average cost of $306.08 per share, with a total value of $948,848.00. Following the transaction, the director owned 4,153 shares in the company, valued at approximately $1,271,150.24. This trade represents a 294.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

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.