Deprince Race & Zollo Inc. Sells 2,027 Shares of Everest Group, Ltd. $EG

Deprince Race & Zollo Inc. trimmed its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,331 shares of the company’s stock after selling 2,027 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Everest Group were worth $32,337,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EG. Board of the Pension Protection Fund bought a new stake in shares of Everest Group during the 2nd quarter worth about $34,000. WPG Advisers LLC bought a new stake in Everest Group during the first quarter worth approximately $37,000. CYBER HORNET ETFs LLC bought a new stake in Everest Group during the second quarter worth approximately $39,000. MUFG Securities EMEA plc acquired a new position in Everest Group during the second quarter valued at approximately $43,000. Finally, Allworth Financial LP raised its position in shares of Everest Group by 96.8% in the second quarter. Allworth Financial LP now owns 183 shares of the company’s stock valued at $62,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Up 0.4%

NYSE EG opened at $337.69 on Friday. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $373.23. The stock has a market cap of $14.18 billion, a PE ratio of 25.72, a PEG ratio of 0.30 and a beta of 0.39. The firm has a 50-day simple moving average of $323.37 and a 200 day simple moving average of $334.08. 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 (NYSE:EG) last posted its quarterly earnings results on Monday, October 27th. The company reported $7.54 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 firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the company earned $11.80 EPS. The company’s revenue was up .8% on a year-over-year basis. On average, research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on EG. Mizuho began coverage on shares of Everest Group in a report on Monday, December 15th. They set a “neutral” rating and a $359.00 price objective for the company. Wolfe Research upgraded shares of Everest Group from an “underperform” rating to a “peer perform” rating in a report on Wednesday, October 29th. Wall Street Zen lowered Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Raymond James Financial reissued an “outperform” rating and set a $350.00 price objective on shares of Everest Group in a research report on Monday, November 3rd. Finally, Cowen reaffirmed a “hold” rating on shares of Everest Group in a report on Tuesday, October 7th. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $367.87.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Allan Levine acquired 3,100 shares of Everest Group stock in a transaction dated Wednesday, October 29th. The stock was bought at an average cost of $306.08 per share, with a total value of $948,848.00. Following the acquisition, the director owned 4,153 shares of the company’s stock, valued at approximately $1,271,150.24. The trade was a 294.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William F. Galtney, Jr. bought 11,385 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were acquired at an average price of $307.38 per share, for a total transaction of $3,499,521.30. Following the completion of the transaction, the director owned 45,491 shares in the company, valued at $13,983,023.58. This represents a 33.38% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by company insiders.

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.