Jupiter Topco LLC purchased a new stake in Everest Group, Ltd. (NYSE:EG – Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 146,313 shares of the company’s stock, valued at approximately $52,267,000. Jupiter Topco LLC owned about 0.38% of Everest Group at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in EG. Trifecta Capital Advisors LLC bought a new position in shares of Everest Group in the 2nd quarter worth about $29,000. Activest Wealth Management bought a new stake in shares of Everest Group during the 4th quarter valued at about $34,000. Raiffeisen Bank International AG bought a new stake in shares of Everest Group during the 4th quarter valued at about $34,000. Cullen Frost Bankers Inc. acquired a new stake in Everest Group during the fourth quarter worth about $37,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Everest Group during the second quarter worth about $39,000. 92.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
EG has been the subject of a number of research reports. Weiss Ratings upgraded Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Cantor Fitzgerald increased their price target on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. BMO Capital Markets raised their price target on Everest Group from $366.00 to $376.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Evercore set a $377.00 price objective on Everest Group in a research report on Thursday, July 30th. Finally, Wells Fargo & Company upped their price target on shares of Everest Group from $373.00 to $396.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and a consensus target price of $395.27.
Everest Group Trading Down 0.6%
Shares of Everest Group stock opened at $377.33 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 0.74 and a beta of 0.29. The business has a fifty day simple moving average of $369.53 and a 200-day simple moving average of $348.26. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $401.07.
Everest Group (NYSE:EG – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.52 by $0.33. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the company earned $16.10 earnings per share. Everest Group’s revenue was down 11.8% compared to the same quarter last year. On average, equities analysts forecast that Everest Group, Ltd. will post 53.28 EPS for the current fiscal year.
Everest Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $8.00 annualized dividend and a dividend yield of 2.1%. Everest Group’s payout ratio is currently 16.92%.
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.
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