SG Americas Securities LLC Grows Stake in Everest Group, Ltd. $EG

SG Americas Securities LLC raised its stake in shares of Everest Group, Ltd. (NYSE:EG) by 598.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,112 shares of the company’s stock after purchasing an additional 29,227 shares during the period. SG Americas Securities LLC owned 0.08% of Everest Group worth $11,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Root Financial Partners LLC purchased a new position in shares of Everest Group in the 3rd quarter worth approximately $30,000. UMB Bank n.a. lifted its position in Everest Group by 81.4% in the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock worth $37,000 after buying an additional 48 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Everest Group in the second quarter worth $39,000. MUFG Securities EMEA plc purchased a new position in Everest Group during the second quarter worth $43,000. Finally, Brown Brothers Harriman & Co. increased its position in Everest Group by 57.6% during the third quarter. Brown Brothers Harriman & Co. now owns 134 shares of the company’s stock valued at $47,000 after acquiring an additional 49 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Down 1.9%

NYSE:EG opened at $317.63 on Friday. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 0.23 and a beta of 0.34. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve 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 stock has a fifty day simple moving average of $329.10 and a 200-day simple moving average of $330.96.

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

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a dividend of $2.00 per share. 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 (DPR) is 21.13%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. TD Cowen dropped their price target on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a research note on Monday, December 15th. Evercore set a $365.00 price target on shares of Everest Group in a report on Wednesday, January 7th. UBS Group reissued a “buy” rating and issued a $345.00 price objective on shares of Everest Group in a research note on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Everest Group presently has an average rating of “Hold” and an average target price of $363.21.

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.