Krilogy Financial LLC Reduces Position in Everest Group, Ltd. $EG

Krilogy Financial LLC lessened its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 45.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,469 shares of the company’s stock after selling 2,058 shares during the period. Krilogy Financial LLC’s holdings in Everest Group were worth $808,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Darwin Wealth Management LLC grew its stake in Everest Group by 6.2% during the 3rd quarter. Darwin Wealth Management LLC now owns 568 shares of the company’s stock valued at $199,000 after acquiring an additional 33 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in Everest Group by 2.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock valued at $571,000 after purchasing an additional 34 shares during the last quarter. Trail Ridge Investment Advisors LLC boosted its holdings in Everest Group by 3.3% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 1,236 shares of the company’s stock valued at $433,000 after purchasing an additional 40 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in Everest Group by 2.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock valued at $513,000 after purchasing an additional 40 shares during the last quarter. Finally, BayBridge Capital Group LLC boosted its holdings in Everest Group by 4.4% in the 4th quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company’s stock valued at $345,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Cantor Fitzgerald decreased their target price on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Wells Fargo & Company boosted their target price on shares of Everest Group from $304.00 to $332.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Bank of America boosted their target price on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Zacks Research upgraded shares of Everest Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, UBS Group reiterated a “buy” rating and issued a $345.00 target price on shares of Everest Group in a report on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $366.14.

Everest Group Stock Performance

NYSE:EG opened at $345.13 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $17.17 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.26 and a beta of 0.34. The company’s 50-day moving average is $332.47 and its two-hundred day moving average is $329.97. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $368.29.

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 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 for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the business posted ($18.39) EPS. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts forecast that Everest Group, Ltd. will post 52.99 EPS for the current year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given 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 yield of 2.3%. Everest Group’s 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.