Vulcan Value Partners LLC Grows Position in Everest Group, Ltd. $EG

Vulcan Value Partners LLC lifted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 13.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,417,466 shares of the company’s stock after purchasing an additional 172,479 shares during the period. Everest Group accounts for 9.0% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Vulcan Value Partners LLC owned approximately 3.38% of Everest Group worth $496,514,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Vestmark Advisory Solutions Inc. purchased a new stake in Everest Group in the third quarter worth $713,000. Asahi Life Asset Management CO. LTD. purchased a new stake in Everest Group in the 3rd quarter worth about $361,000. Essex Financial Services Inc. bought a new stake in Everest Group in the 3rd quarter valued at about $299,000. Syon Capital LLC bought a new stake in Everest Group in the 3rd quarter valued at about $242,000. Finally, NEOS Investment Management LLC lifted its holdings in Everest Group by 180.9% during the third quarter. NEOS Investment Management LLC now owns 1,688 shares of the company’s stock valued at $591,000 after purchasing an additional 1,087 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Performance

Shares of EG opened at $342.28 on Monday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $370.20. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The company has a market cap of $14.37 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.25 and a beta of 0.36. The stock has a 50-day moving average price of $331.63 and a 200-day moving average price of $332.88.

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

Wall Street Analysts Forecast Growth

EG has been the topic of several research reports. Raymond James Financial reissued an “outperform” rating and issued a $350.00 price target on shares of Everest Group in a research report on Monday, November 3rd. Wells Fargo & Company decreased their price objective on Everest Group from $332.00 to $310.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. TD Cowen cut their target price on Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a research note on Monday, December 15th. Wolfe Research raised Everest Group from an “underperform” rating to a “peer perform” rating in a report on Wednesday, October 29th. Finally, UBS Group reissued a “buy” rating and issued a $345.00 price target on shares of Everest Group in a report on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Everest Group presently has an average rating of “Hold” and an average target price of $363.21.

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.