OneDigital Investment Advisors LLC Acquires Shares of 10,947 Everest Group, Ltd. $EG

OneDigital Investment Advisors LLC bought a new position in shares of Everest Group, Ltd. (NYSE:EG) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,947 shares of the company’s stock, valued at approximately $3,911,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its holdings in Everest Group by 98.9% during the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after purchasing an additional 90 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Everest Group in the 2nd quarter worth about $384,000. Marshall Wace LLP purchased a new stake in Everest Group during the 2nd quarter worth approximately $238,000. Jump Financial LLC acquired a new position in shares of Everest Group during the second quarter valued at approximately $1,510,000. Finally, Federated Hermes Inc. lifted its position in shares of Everest Group by 3.7% in the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after acquiring an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EG shares. Barclays increased their price objective on Everest Group from $420.00 to $430.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Morgan Stanley increased their target price on shares of Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Mizuho dropped their price objective on shares of Everest Group from $418.00 to $416.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. UBS Group raised their target price on shares of Everest Group from $374.00 to $395.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $393.93.

Everest Group Price Performance

NYSE:EG opened at $369.91 on Monday. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $401.07. 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 company has a market capitalization of $14.18 billion, a P/E ratio of 7.82, a P/E/G ratio of 0.73 and a beta of 0.29. The stock’s fifty day moving average is $363.11 and its two-hundred day moving average is $345.53.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, topping analysts’ consensus estimates of $14.52 by $0.33. The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The company’s revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $16.10 EPS. Equities analysts expect that Everest Group, Ltd. will post 53.13 EPS for the current year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.2%. Everest Group’s dividend payout ratio (DPR) is presently 16.92%.

About Everest Group

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.