5,625 Shares in Everest Group, Ltd. $EG Acquired by Palouse Capital Management Inc.

Palouse Capital Management Inc. acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,625 shares of the company’s stock, valued at approximately $1,970,000.

Several other large investors have also made changes to their positions in the business. Clear Harbor Asset Management LLC raised its holdings in shares of Everest Group by 9.2% during the third quarter. Clear Harbor Asset Management LLC now owns 17,942 shares of the company’s stock worth $6,284,000 after purchasing an additional 1,517 shares during the last quarter. Meridian Investment Counsel Inc. purchased a new position in shares of Everest Group during the 3rd quarter valued at about $1,601,000. HB Wealth Management LLC raised its stake in shares of Everest Group by 55.9% during the 3rd quarter. HB Wealth Management LLC now owns 2,834 shares of the company’s stock valued at $993,000 after buying an additional 1,016 shares during the last quarter. CX Institutional lifted its holdings in shares of Everest Group by 189.3% in the 3rd quarter. CX Institutional now owns 512 shares of the company’s stock valued at $179,000 after buying an additional 335 shares during the period. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of Everest Group by 69.2% in the third quarter. KLP Kapitalforvaltning AS now owns 47,941 shares of the company’s stock worth $16,790,000 after buying an additional 19,600 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director William F. Galtney, Jr. purchased 11,385 shares of the stock in a transaction dated Wednesday, October 29th. The shares were purchased at an average cost of $307.38 per share, with a total value of $3,499,521.30. Following the completion of the purchase, the director directly owned 45,491 shares of the company’s stock, valued at approximately $13,983,023.58. The trade was a 33.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Allan Levine purchased 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were purchased at an average price of $306.08 per share, with a total value of $948,848.00. Following the completion of the transaction, the director directly owned 4,153 shares of the company’s stock, valued at $1,271,150.24. This represents a 294.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EG shares. Zacks Research cut Everest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, December 12th. Wall Street Zen lowered Everest Group from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Evercore ISI set a $365.00 price objective on shares of Everest Group in a research note on Wednesday. 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. Finally, TD Cowen cut their price objective 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. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $369.40.

Everest Group Price Performance

Everest Group stock opened at $337.91 on Friday. The stock has a market capitalization of $14.18 billion, a P/E ratio of 25.74, a P/E/G ratio of 0.23 and a beta of 0.38. The company’s fifty day moving average price is $323.88 and its 200 day moving average price is $334.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $373.23.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Monday, October 27th. The company reported $7.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $13.39 by ($5.85). Everest Group had a net margin of 3.12% and a return on equity of 3.74%. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the previous year, the business earned $11.80 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities research analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Wednesday, November 26th were paid a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $8.00 dividend on an annualized basis and a yield of 2.4%. Everest Group’s dividend payout ratio (DPR) is currently 60.93%.

About Everest Group

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.