6,204 Shares in Everest Group, Ltd. $EG Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd purchased a new stake in Everest Group, Ltd. (NYSE:EG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,204 shares of the company’s stock, valued at approximately $2,173,000.

Other hedge funds have also added to or reduced their stakes in the company. Darwin Wealth Management LLC increased its position in shares of Everest Group by 6.2% during the third quarter. Darwin Wealth Management LLC now owns 568 shares of the company’s stock valued at $199,000 after buying an additional 33 shares during the period. Trail Ridge Investment Advisors LLC boosted its position in Everest Group by 3.3% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 1,236 shares of the company’s stock valued at $433,000 after acquiring an additional 40 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Everest Group by 2.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock worth $513,000 after acquiring an additional 40 shares during the period. Van ECK Associates Corp raised its position in shares of Everest Group by 6.4% in the 3rd quarter. Van ECK Associates Corp now owns 744 shares of the company’s stock worth $261,000 after acquiring an additional 45 shares in the last quarter. Finally, 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 valued at $37,000 after purchasing an additional 48 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Stock Performance

Shares of Everest Group stock opened at $320.46 on Friday. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $370.20. The firm’s 50-day moving average is $330.72 and its 200 day moving average is $332.53. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 0.23 and a beta of 0.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39.

Everest Group (NYSE:EG) last released its quarterly earnings data 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). The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $3.97 billion. Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($18.39) earnings per share. Sell-side 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 given a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. Everest Group’s dividend payout ratio (DPR) is 21.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Cantor Fitzgerald lowered their price objective on Everest Group from $348.00 to $344.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. 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 research note on Thursday, January 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Finally, TD Cowen lowered their target price on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a report on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Everest Group currently has an average rating of “Hold” and an average price target of $363.21.

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.