Diversified Trust Co. Sells 2,327 Shares of Everest Group, Ltd. $EG

Diversified Trust Co. cut its holdings in Everest Group, Ltd. (NYSE:EG) by 69.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,011 shares of the company’s stock after selling 2,327 shares during the period. Diversified Trust Co.’s holdings in Everest Group were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of Everest Group by 32.0% during the fourth quarter. Nordea Investment Management AB now owns 5,116 shares of the company’s stock worth $1,747,000 after acquiring an additional 1,239 shares in the last quarter. Board of the Pension Protection Fund grew its position in shares of Everest Group by 293.8% in the fourth quarter. Board of the Pension Protection Fund now owns 5,120 shares of the company’s stock valued at $1,737,000 after purchasing an additional 3,820 shares in the last quarter. Allworth Financial LP raised its stake in shares of Everest Group by 373.2% during the 3rd quarter. Allworth Financial LP now owns 866 shares of the company’s stock valued at $303,000 after purchasing an additional 683 shares during the period. IFP Advisors Inc raised its stake in shares of Everest Group by 48.5% during the 3rd quarter. IFP Advisors Inc now owns 291 shares of the company’s stock valued at $102,000 after purchasing an additional 95 shares during the period. Finally, Swiss Life Asset Management Ltd lifted its holdings in Everest Group by 36.2% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 7,649 shares of the company’s stock worth $2,679,000 after purchasing an additional 2,034 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on EG. Keefe, Bruyette & Woods raised their target price on Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Wells Fargo & Company cut 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, UBS Group restated a “buy” rating and set a $345.00 price target on shares of Everest Group in a research report on Monday, January 12th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $363.21.

Everest Group Stock Performance

Shares of EG opened at $317.63 on Friday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $370.20. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The company has a market cap of $12.83 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.23 and a beta of 0.34. The stock has a 50-day moving average price of $329.10 and a 200-day moving average price of $330.96.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Thursday, February 5th. The company reported $13.26 earnings per share for the quarter, missing the consensus estimate of $13.36 by ($0.10). The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the company posted ($18.39) earnings per share. As a group, equities analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a $2.00 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.5%. Everest Group’s dividend payout ratio is presently 21.13%.

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.