Empowered Funds LLC Has $10.41 Million Holdings in Everest Group, Ltd. $EG

Empowered Funds LLC cut its position in shares of Everest Group, Ltd. (NYSE:EG) by 17.6% during the first quarter, HoldingsChannel.com reports. The firm owned 31,845 shares of the company’s stock after selling 6,795 shares during the period. Empowered Funds LLC’s holdings in Everest Group were worth $10,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC boosted its stake in Everest Group by 2.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock worth $571,000 after buying an additional 34 shares in the last quarter. Siemens Fonds Invest GmbH raised its stake in shares of Everest Group by 3.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock valued at $364,000 after buying an additional 34 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Everest Group by 27.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock valued at $58,000 after buying an additional 37 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Everest Group by 4.0% during the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock valued at $316,000 after acquiring an additional 37 shares in the last quarter. Finally, GenTrust LLC increased its stake in Everest Group by 4.8% in the fourth quarter. GenTrust LLC now owns 874 shares of the company’s stock valued at $297,000 after acquiring an additional 40 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $351.84, for a total value of $272,676.00. Following the transaction, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at $2,874,532.80. The trade was a 8.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EG shares. BMO Capital Markets increased their price target on shares of Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a research report on Thursday, May 14th. Wells Fargo & Company lifted their price objective on Everest Group from $356.00 to $373.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Morgan Stanley upped their price objective on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Barclays increased their target price on Everest Group from $420.00 to $430.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Weiss Ratings upgraded Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $388.53.

Everest Group Trading Down 4.5%

Shares of Everest Group stock opened at $375.98 on Friday. The stock has a market capitalization of $14.88 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 0.61 and a beta of 0.29. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $355.30 and a 200 day simple moving average of $341.87. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $401.07.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, beating analysts’ consensus estimates of $14.52 by $0.33. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.99 billion. Everest Group had a net margin of 11.41% and a return on equity of 13.64%. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $16.10 earnings per share. Research analysts expect that Everest Group, Ltd. will post 52.86 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $2.00 dividend. The ex-dividend date was Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.1%. Everest Group’s payout ratio is 16.92%.

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.