Everest Group, Ltd. $EG is Vulcan Value Partners LLC’s Largest Position

Vulcan Value Partners LLC decreased its position in shares of Everest Group, Ltd. (NYSE:EG) by 23.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,036,906 shares of the company’s stock after selling 324,959 shares during the quarter. Everest Group makes up approximately 11.3% of Vulcan Value Partners LLC’s portfolio, making the stock its biggest position. Vulcan Value Partners LLC’s holdings in Everest Group were worth $370,414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in EG. Trifecta Capital Advisors LLC bought a new position in Everest Group during the 2nd quarter worth about $29,000. Raiffeisen Bank International AG bought a new position in shares of Everest Group during the fourth quarter valued at approximately $34,000. Cullen Frost Bankers Inc. purchased a new position in Everest Group during the fourth quarter valued at approximately $37,000. CYBER HORNET ETFs LLC bought a new position in Everest Group in the second quarter worth approximately $39,000. Finally, MUFG Securities EMEA plc purchased a new stake in Everest Group during the second quarter worth $43,000. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Performance

Shares of NYSE:EG traded down $10.40 during trading on Tuesday, hitting $370.47. The stock had a trading volume of 534,910 shares, compared to its average volume of 368,293. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $401.07. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 0.75 and a beta of 0.28. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. The stock has a 50-day simple moving average of $374.21 and a two-hundred day simple moving average of $350.48.

Everest Group (NYSE:EG) last issued its earnings results on Tuesday, June 30th. The company reported $14.85 EPS for the quarter. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The firm had revenue of $3.96 billion for the quarter. On average, equities research analysts expect that Everest Group, Ltd. will post 53.28 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group’s dividend payout ratio is 16.92%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. TD Cowen lifted their price target on Everest Group from $365.00 to $385.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Barclays raised their price objective on Everest Group from $420.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Mizuho cut their target price on Everest Group from $418.00 to $416.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Atlantic Securities set a $484.00 price target on shares of Everest Group in a research report on Wednesday, July 15th. Finally, Evercore set a $377.00 price target on shares of Everest Group in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.