Everest Group, Ltd. $EG Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP lessened its stake in Everest Group, Ltd. (NYSE:EG) by 17.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,031 shares of the company’s stock after selling 13,582 shares during the period. Everest Group comprises about 0.7% of Mirabella Financial Services LLP’s investment portfolio, making the stock its 13th largest position. Mirabella Financial Services LLP’s holdings in Everest Group were worth $22,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Everest Group in the second quarter worth about $601,300,000. AQR Capital Management LLC raised its stake in Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after buying an additional 830,418 shares in the last quarter. Altrinsic Global Advisors LLC lifted its holdings in Everest Group by 37.2% during the 2nd quarter. Altrinsic Global Advisors LLC now owns 937,296 shares of the company’s stock worth $318,540,000 after buying an additional 254,317 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Everest Group by 157.5% during the 3rd quarter. Alliancebernstein L.P. now owns 291,886 shares of the company’s stock worth $102,227,000 after buying an additional 178,536 shares during the last quarter. Finally, Causeway Capital Management LLC bought a new stake in shares of Everest Group in the 3rd quarter valued at approximately $61,531,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group reaffirmed a “buy” rating and issued a $345.00 price objective on shares of Everest Group in a report on Monday, January 12th. Barclays boosted their target price on shares of Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Cantor Fitzgerald lowered their price objective on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Finally, 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 report on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $363.21.

Everest Group Trading Up 0.1%

Shares of NYSE:EG opened at $320.59 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 0.23 and a beta of 0.34. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $370.20. The company has a 50 day moving average price of $330.30 and a 200 day moving average price of $332.27.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $13.36 by ($0.10). The company had revenue of $4.42 billion during 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%. Everest Group’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the company posted ($18.39) EPS. On average, research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. 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.