5,600 Shares in Everest Group, Ltd. $EG Acquired by Polianta Ltd

Polianta Ltd bought a new position in shares of Everest Group, Ltd. (NYSE:EG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,600 shares of the company’s stock, valued at approximately $2,000,000. Everest Group accounts for 0.2% of Polianta Ltd’s portfolio, making the stock its 28th largest holding.

Several other large investors have also added to or reduced their stakes in EG. Activest Wealth Management bought a new position in shares of Everest Group in the fourth quarter worth approximately $34,000. Raiffeisen Bank International AG bought a new stake in shares of Everest Group during the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. bought a new stake in shares of Everest Group during the 4th quarter valued at $37,000. CYBER HORNET ETFs LLC purchased a new position in shares of Everest Group during the 2nd quarter valued at $39,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Everest Group during the 2nd quarter valued at $43,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on EG shares. Morgan Stanley upped their target price on shares of Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Citigroup boosted their price objective on Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Wells Fargo & Company upped their price objective on Everest Group from $373.00 to $396.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Weiss Ratings raised Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, Bank of America lifted their target price on Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Everest Group currently has an average rating of “Hold” and an average price target of $393.93.

Everest Group Price Performance

Shares of NYSE:EG opened at $374.14 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.35. The firm has a market cap of $14.35 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 0.74 and a beta of 0.29. The firm has a fifty day moving average price of $358.79 and a 200 day moving average price of $343.81. 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) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, topping the consensus estimate of $14.52 by $0.33. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the company earned $16.10 EPS. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. As a group, sell-side analysts expect that Everest Group, Ltd. will post 53.13 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, June 12th. Everest Group’s payout ratio is currently 16.92%.

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.