Everest Group, Ltd. $EG Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lessened its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 46.1% in the fourth quarter, HoldingsChannel reports. The fund owned 3,169 shares of the company’s stock after selling 2,708 shares during the period. Pallas Capital Advisors LLC’s holdings in Everest Group were worth $1,075,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of EG. AQR Capital Management LLC increased its holdings in shares of Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after purchasing an additional 830,418 shares during the period. Norges Bank acquired a new stake in Everest Group in the second quarter worth about $601,300,000. Vulcan Value Partners LLC lifted its holdings in Everest Group by 13.9% in the third quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock worth $496,514,000 after purchasing an additional 172,479 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in Everest Group by 6.1% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 999,581 shares of the company’s stock valued at $350,083,000 after buying an additional 57,907 shares in the last quarter. Finally, Altrinsic Global Advisors LLC grew its position in Everest Group by 37.2% in the 2nd quarter. Altrinsic Global Advisors LLC now owns 937,296 shares of the company’s stock valued at $318,540,000 after buying an additional 254,317 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the topic of a number of recent analyst reports. Cantor Fitzgerald dropped their price target on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Barclays increased 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. Evercore set a $365.00 target price on Everest Group in a report on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company decreased their price target on Everest Group from $332.00 to $310.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $363.21.

Everest Group Price Performance

Shares of NYSE EG opened at $317.63 on Monday. 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 company has a market capitalization of $12.83 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 0.23 and a beta of 0.34. The firm has a 50-day moving average of $329.10 and a two-hundred day moving average of $330.89.

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

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, March 13th. Everest Group’s dividend payout ratio (DPR) is presently 21.13%.

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.