iSAM Funds UK Ltd Takes Position in Everest Group, Ltd. $EG

iSAM Funds UK Ltd bought a new position in shares of Everest Group, Ltd. (NYSE:EG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,720 shares of the company’s stock, valued at approximately $614,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MBA Advisors LLC grew its holdings in Everest Group by 5.4% in the 2nd quarter. MBA Advisors LLC now owns 666 shares of the company’s stock valued at $238,000 after buying an additional 34 shares during the period. Cookson Peirce & Co. Inc. boosted its position in shares of Everest Group by 5.2% in the second quarter. Cookson Peirce & Co. Inc. now owns 2,956 shares of the company’s stock worth $1,056,000 after acquiring an additional 146 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Everest Group by 5.0% in the second quarter. New Mexico Educational Retirement Board now owns 2,100 shares of the company’s stock worth $750,000 after acquiring an additional 100 shares during the last quarter. Mufg Securities Americas Inc. grew its holdings in Everest Group by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 1,192 shares of the company’s stock valued at $426,000 after purchasing an additional 66 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Everest Group by 22.6% in the second quarter. Van ECK Associates Corp now owns 1,183 shares of the company’s stock valued at $423,000 after purchasing an additional 218 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Price Performance

Shares of NYSE EG opened at $378.70 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $401.07. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 0.74 and a beta of 0.28. The business has a 50-day moving average of $372.42 and a 200-day moving average of $349.59.

Everest Group (NYSE:EG) last announced its earnings results on Tuesday, June 30th. The company reported $14.85 EPS for the quarter. The business had revenue of $3.96 billion for the quarter. Everest Group had a return on equity of 13.63% and a net margin of 11.41%. On average, equities analysts anticipate that Everest Group, Ltd. will post 53.28 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th will be given a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $8.00 annualized dividend and a yield of 2.1%. Everest Group’s dividend payout ratio (DPR) is 16.92%.

Analyst Ratings Changes

A number of equities analysts have weighed in on EG shares. Weiss Ratings raised shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Mizuho lowered 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. Morgan Stanley upped their price objective on Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Atlantic Securities set a $484.00 target price on Everest Group in a research report on Wednesday, July 15th. Finally, Barclays lifted their target price on Everest Group from $420.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Everest Group presently has an average rating of “Hold” and an average price target of $395.27.

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.