Everest Group, Ltd. $EG Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of Everest Group, Ltd. (NYSE:EG) by 5.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 122,600 shares of the company’s stock after selling 6,600 shares during the quarter. Swiss National Bank’s holdings in Everest Group were worth $42,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of EG. Root Financial Partners LLC acquired a new position in Everest Group in the 3rd quarter valued at $30,000. UMB Bank n.a. lifted its stake in shares of Everest Group by 81.4% in the 3rd quarter. UMB Bank n.a. now owns 107 shares of the company’s stock worth $37,000 after acquiring an additional 48 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Everest Group in the second quarter valued at about $39,000. MUFG Securities EMEA plc purchased a new stake in shares of Everest Group in the second quarter valued at about $43,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 acquiring an additional 70 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EG shares. Barclays increased their price target on shares of Everest Group from $365.00 to $377.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Evercore set a $365.00 target price on Everest Group in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their target price on Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Zacks Research raised Everest Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $363.21.

Everest Group Stock Up 0.4%

Shares of NYSE EG opened at $322.79 on Friday. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 0.23 and a beta of 0.34. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $370.20. The firm has a 50-day moving average price of $331.00 and a 200 day moving average price of $332.67. 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 (NYSE:EG) last issued its 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 for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the company posted ($18.39) earnings per share. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. Equities research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $2.00 dividend. The ex-dividend date is Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.5%. 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.