AustralianSuper Pty Ltd Sells 8,088 Shares of Everest Group, Ltd. $EG

AustralianSuper Pty Ltd trimmed its stake in Everest Group, Ltd. (NYSE:EG) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,067 shares of the company’s stock after selling 8,088 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Everest Group were worth $45,553,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Everest Group in the third quarter valued at $30,000. Board of the Pension Protection Fund bought a new position in shares of Everest Group in the 2nd quarter valued at about $34,000. CYBER HORNET ETFs LLC acquired a new position in shares of Everest Group during the 2nd quarter worth about $39,000. MUFG Securities EMEA plc bought a new stake in shares of Everest Group in the 2nd quarter valued at about $43,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake 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 own 92.64% of the company’s stock.

Everest Group Stock Up 0.3%

EG stock opened at $324.93 on Thursday. 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 debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $13.64 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 0.23 and a beta of 0.38. The business’s fifty day moving average price is $324.52 and its two-hundred day moving average price is $332.70.

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

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, November 26th were issued 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 2.5%. Everest Group’s payout ratio is currently 60.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EG. Evercore ISI set a $365.00 price target on Everest Group in a research report on Wednesday, January 7th. TD Cowen dropped their price target on Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a research note on Monday, December 15th. Raymond James Financial reaffirmed an “outperform” rating and set a $350.00 price target on shares of Everest Group in a report on Monday, November 3rd. Barclays upped their price objective on shares of Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Finally, Cantor Fitzgerald cut their target price on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $365.33.

Everest Group Company 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.