Everest Group, Ltd. $EG Shares Acquired by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd increased its holdings in Everest Group, Ltd. (NYSE:EG) by 48.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 192,436 shares of the company’s stock after purchasing an additional 62,369 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Everest Group were worth $65,303,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after acquiring an additional 830,418 shares during the last quarter. Vulcan Value Partners LLC grew its position in shares of Everest Group by 13.9% in the third quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock valued at $496,514,000 after purchasing an additional 172,479 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Everest Group by 6.1% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 999,581 shares of the company’s stock valued at $350,083,000 after purchasing an additional 57,907 shares during the last quarter. Boston Partners increased its stake in shares of Everest Group by 28.9% during the 3rd quarter. Boston Partners now owns 729,019 shares of the company’s stock worth $255,334,000 after purchasing an additional 163,316 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Everest Group by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company’s stock worth $228,418,000 after purchasing an additional 29,586 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports 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 research note on Thursday. Morgan Stanley set a $340.00 price target on Everest Group in a report on Thursday, May 7th. Bank of America upped their price objective on Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Barclays increased their price objective on Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $374.00.

Insider Transactions at Everest Group

In other Everest Group news, CEO Jason Keen sold 775 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction of $272,676.00. Following the completion of the sale, the chief executive officer directly owned 8,170 shares in the company, valued at $2,874,532.80. This represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

Everest Group Price Performance

Shares of NYSE:EG opened at $348.36 on Friday. The company has a market cap of $13.78 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.26 and a beta of 0.35. The business has a fifty day simple moving average of $335.25 and a 200-day simple moving average of $329.55. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $368.29. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last released its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. The business had revenue of $4.07 billion for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. Equities research analysts forecast that Everest Group, Ltd. will post 52.71 EPS for the current year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $2.00 dividend. The ex-dividend date is Friday, June 12th. This represents a $8.00 dividend on an annualized basis and a yield of 2.3%. Everest Group’s dividend payout ratio (DPR) is presently 16.27%.

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.