Osmosis Investment Management UK Ltd Invests $687,000 in Everest Group, Ltd. $EG

Osmosis Investment Management UK Ltd bought a new position in shares of Everest Group, Ltd. (NYSE:EG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,923 shares of the company’s stock, valued at approximately $687,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Everest Group during the 2nd quarter worth approximately $1,150,555,000. AQR Capital Management LLC increased its position in shares of Everest Group by 70.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after purchasing an additional 830,418 shares during the last quarter. State Street Corp raised its holdings in shares of Everest Group by 0.4% in the 4th quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after purchasing an additional 7,806 shares in the last quarter. Norges Bank purchased a new stake in shares of Everest Group during the 4th quarter worth $630,277,000. Finally, Vulcan Value Partners LLC lifted its position in shares of Everest Group by 6.5% during the 4th quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock worth $512,288,000 after purchasing an additional 92,274 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Down 0.2%

Shares of Everest Group stock opened at $376.01 on Wednesday. The company has a fifty day simple moving average of $367.85 and a 200-day simple moving average of $347.54. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $401.07. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.74 and a beta of 0.29.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, topping the consensus estimate of $14.52 by $0.33. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period last year, the business earned $16.10 EPS. Everest Group’s revenue for the quarter was down 11.8% compared to the same quarter last year. On average, equities analysts forecast that Everest Group, Ltd. will post 53.28 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $8.00 annualized dividend and a dividend yield of 2.1%. Everest Group’s dividend payout ratio (DPR) is presently 16.92%.

Analysts Set New Price Targets

A number of equities analysts recently commented on EG shares. TD Cowen boosted their target price on shares of Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Citigroup raised their price target on Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Morgan Stanley upped their price objective on Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Atlantic Securities set a $484.00 price objective on Everest Group in a report on Wednesday, July 15th. Finally, Wells Fargo & Company increased their price objective on Everest Group from $373.00 to $396.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $395.27.

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.