Manning & Napier Advisors LLC Buys Shares of 1,708 Everest Group, Ltd. $EG

Manning & Napier Advisors LLC bought a new position in shares of Everest Group, Ltd. (NYSE:EG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,708 shares of the company’s stock, valued at approximately $616,000.

A number of other large investors also recently modified their holdings of the business. Siemens Fonds Invest GmbH boosted its holdings in shares of Everest Group by 3.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock valued at $364,000 after buying an additional 34 shares during the period. V Square Quantitative Management LLC raised its stake in Everest Group by 4.0% during the first quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after acquiring an additional 37 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Everest Group by 27.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock worth $58,000 after acquiring an additional 37 shares during the last quarter. GenTrust LLC lifted its holdings in Everest Group by 4.8% in the fourth quarter. GenTrust LLC now owns 874 shares of the company’s stock worth $297,000 after acquiring an additional 40 shares during the last quarter. Finally, Tred Avon Family Wealth LLC boosted its stake in Everest Group by 6.5% in the first quarter. Tred Avon Family Wealth LLC now owns 657 shares of the company’s stock valued at $215,000 after acquiring an additional 40 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Performance

Shares of NYSE EG opened at $376.01 on Wednesday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $401.07. The company has a market cap of $14.42 billion, a PE ratio of 7.95, a P/E/G ratio of 0.74 and a beta of 0.29. The stock has a 50 day simple moving average of $367.85 and a 200-day simple moving average of $347.54. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last posted its earnings results on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, beating the consensus estimate of $14.52 by $0.33. The firm had revenue of $3.96 billion for 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 firm’s revenue was down 11.8% compared to the same quarter last year. During the same period last year, the firm earned $16.10 EPS. On average, equities research analysts forecast that Everest Group, Ltd. will post 53.28 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently declared 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 dividend payout ratio is presently 16.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BMO Capital Markets upped their target price on Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Mizuho cut their target price on Everest Group from $418.00 to $416.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Wells Fargo & Company boosted their price target on shares of Everest Group from $373.00 to $396.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, Citigroup upped their price target on shares of Everest Group from $395.00 to $415.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Everest Group currently has an average rating of “Hold” and a consensus price target of $395.27.

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.