Everest Group, Ltd. $EG Holdings Increased by M&G PLC

M&G PLC increased its stake in Everest Group, Ltd. (NYSE:EG) by 89.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,055 shares of the company’s stock after acquiring an additional 17,968 shares during the period. M&G PLC owned approximately 0.09% of Everest Group worth $13,319,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EG. Root Financial Partners LLC bought a new position in Everest Group during the 3rd quarter valued at $30,000. UMB Bank n.a. lifted its holdings in shares of Everest Group by 81.4% in the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after buying an additional 48 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Everest Group in the second quarter valued at $39,000. MUFG Securities EMEA plc bought a new position in Everest Group during the second quarter valued at about $43,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Everest Group by 86.4% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the company’s stock worth $53,000 after acquiring an additional 70 shares during the period. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EG. Wells Fargo & Company reduced 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. Wall Street Zen lowered shares of Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. TD Cowen reduced their target price on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a report on Monday, December 15th. Barclays upped their price target on Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods increased their price objective on Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $363.21.

Everest Group Stock Up 0.4%

EG stock opened at $337.44 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.39. The firm has a market capitalization of $14.17 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.25 and a beta of 0.36. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $370.20. The company’s 50 day simple moving average is $329.65 and its 200-day simple moving average is $332.45.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $13.26 earnings per share for the quarter, missing the consensus estimate of $13.36 by ($0.10). Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the firm posted ($18.39) earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

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.