Edmond DE Rothschild Holding S.A. Buys New Shares in Everest Group, Ltd. $EG

Edmond DE Rothschild Holding S.A. bought a new stake in Everest Group, Ltd. (NYSE:EG) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,062 shares of the company’s stock, valued at approximately $737,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trifecta Capital Advisors LLC purchased a new position in Everest Group during the second quarter worth approximately $29,000. Activest Wealth Management purchased a new stake in shares of Everest Group during the 4th quarter valued at $34,000. Raiffeisen Bank International AG purchased a new stake in shares of Everest Group during the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Everest Group during the 4th quarter worth $37,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Everest Group during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 1.4%

NYSE:EG opened at $368.89 on Friday. The business’s 50-day moving average is $365.72 and its two-hundred day moving average is $346.63. The firm has a market capitalization of $14.14 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 0.72 and a beta of 0.29. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $401.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35.

Everest Group (NYSE:EG) last issued its earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, topping the consensus estimate of $14.52 by $0.33. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the business earned $16.10 earnings per share. The company’s revenue was down 11.8% compared to the same quarter last year. Research analysts predict that Everest Group, Ltd. will post 52.83 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be given 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 yield of 2.2%. Everest Group’s payout ratio is 16.92%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on EG shares. Wells Fargo & Company lifted their target price on Everest Group from $373.00 to $396.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods upped their price target on Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Weiss Ratings upgraded Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. UBS Group raised their price objective on Everest Group from $374.00 to $395.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Morgan Stanley lifted their price objective on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently 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.