Everest Group, Ltd. $EG Shares Acquired by National Pension Service

National Pension Service boosted its holdings in Everest Group, Ltd. (NYSE:EG) by 26.1% during the third quarter, Holdings Channel.com reports. The fund owned 38,956 shares of the company’s stock after acquiring an additional 8,056 shares during the period. National Pension Service’s holdings in Everest Group were worth $13,644,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EG. Root Financial Partners LLC purchased a new stake in shares of Everest Group in the third quarter valued at about $30,000. Board of the Pension Protection Fund acquired a new position in shares of Everest Group during the 2nd quarter worth approximately $34,000. CYBER HORNET ETFs LLC purchased a new stake in Everest Group in the 2nd quarter valued at approximately $39,000. MUFG Securities EMEA plc acquired a new stake in Everest Group during the 2nd quarter valued at $43,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Everest Group by 86.4% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the company’s stock worth $53,000 after buying an additional 70 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EG shares. Evercore ISI set a $365.00 price objective on Everest Group in a research note on Wednesday, January 7th. Barclays upped their target price on shares of Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Wall Street Zen downgraded shares of Everest Group from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Cantor Fitzgerald cut their price objective on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Finally, TD Cowen decreased their target price on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a research report on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $364.64.

Everest Group Stock Up 0.0%

Shares of EG opened at $331.40 on Tuesday. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $370.20. The company’s fifty day moving average is $325.83 and its two-hundred day moving average is $332.61. The firm has a market cap of $13.91 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 0.23 and a beta of 0.38. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.23.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, November 26th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, November 26th. Everest Group’s payout ratio is currently 60.93%.

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.