Everest Group, Ltd. $EG Shares Purchased by MAI Capital Management

MAI Capital Management boosted its stake in Everest Group, Ltd. (NYSE:EG) by 4,340.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,215 shares of the company’s stock after buying an additional 8,030 shares during the period. MAI Capital Management’s holdings in Everest Group were worth $2,877,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EG. Root Financial Partners LLC purchased a new position in Everest Group during the third quarter worth about $30,000. UMB Bank n.a. lifted its holdings in shares of Everest Group by 81.4% in the 3rd quarter. UMB Bank n.a. now owns 107 shares of the company’s stock worth $37,000 after acquiring an additional 48 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Everest Group in the 2nd quarter worth approximately $39,000. MUFG Securities EMEA plc purchased a new position in shares of Everest Group during the 2nd quarter worth approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Everest Group by 86.4% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the company’s stock valued at $53,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Ratings Changes

EG has been the topic of a number of research reports. Evercore set a $365.00 price target on Everest Group in a research note on Wednesday, January 7th. Mizuho set a $360.00 price objective on Everest Group in a report on Wednesday, February 11th. Raymond James Financial reissued an “outperform” rating and set a $350.00 target price on shares of Everest Group in a research note on Monday, November 3rd. Zacks Research upgraded Everest Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Six 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 a consensus rating of “Hold” and a consensus price target of $363.21.

Everest Group Trading Down 0.7%

NYSE:EG opened at $335.29 on Friday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $370.20. The firm has a market cap of $14.08 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 0.25 and a beta of 0.36. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $332.38 and a 200 day moving average price of $333.10.

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 analysts’ consensus estimates of $13.36 by ($0.10). The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $3.97 billion. Everest Group had a net margin of 9.09% and a return on equity of 12.50%. Everest Group’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the business earned ($18.39) EPS. Sell-side analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $2.00 dividend. The ex-dividend date is Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a yield of 2.4%. Everest Group’s payout ratio is currently 21.13%.

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.