Intech Investment Management LLC Sells 20,431 Shares of Everest Group, Ltd. $EG

Intech Investment Management LLC lessened its stake in Everest Group, Ltd. (NYSE:EG) by 53.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,145 shares of the company’s stock after selling 20,431 shares during the quarter. Intech Investment Management LLC’s holdings in Everest Group were worth $6,355,000 at the end of the most recent reporting period.

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

Everest Group Stock Performance

NYSE EG opened at $335.29 on Friday. The business’s 50 day moving average price is $332.38 and its 200-day moving average price is $333.10. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $370.20. The company has a market cap of $14.08 billion, a P/E ratio of 8.86, a P/E/G ratio of 0.25 and a beta of 0.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.37.

Everest Group (NYSE:EG) last issued 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). Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the business earned ($18.39) earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Sell-side analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current 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 dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.4%. Everest Group’s payout ratio is currently 21.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EG shares. Mizuho set a $360.00 price target on Everest Group in a report on Wednesday, February 11th. Barclays increased their target price on Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Raymond James Financial reissued an “outperform” rating and issued a $350.00 target price on shares of Everest Group in a report on Monday, November 3rd. TD Cowen decreased their price target on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a research note on Monday, December 15th. Finally, Wells Fargo & Company lowered their price objective on shares of Everest Group from $332.00 to $310.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $363.21.

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.