Aster Capital Management DIFC Ltd Takes $958,000 Position in Everest Group, Ltd. $EG

Aster Capital Management DIFC Ltd acquired a new position in Everest Group, Ltd. (NYSE:EG) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 2,734 shares of the company’s stock, valued at approximately $958,000.

Several other institutional investors also recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew its position in Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after acquiring an additional 90 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Everest Group in the second quarter worth approximately $384,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Everest Group in the second quarter worth approximately $610,000. Transcend Capital Advisors LLC purchased a new position in shares of Everest Group in the second quarter worth $307,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in Everest Group by 67.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 3,007 shares of the company’s stock valued at $1,022,000 after buying an additional 1,206 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Stock Performance

Shares of EG stock opened at $337.59 on Friday. The company’s fifty day moving average price is $332.30 and its 200-day moving average price is $333.07. The stock has a market cap of $14.17 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 0.24 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. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $370.20.

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). The business had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the business earned ($18.39) earnings per share. On average, equities analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

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

Analyst Upgrades and Downgrades

EG has been the topic of a number of recent analyst reports. UBS Group reissued a “buy” rating and issued a $345.00 price target on shares of Everest Group in a report on Monday, January 12th. Raymond James Financial reiterated an “outperform” rating and set a $350.00 target price on shares of Everest Group in a report on Monday, November 3rd. Evercore set a $365.00 price target on Everest Group in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $363.21.

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.