Texas Permanent School Fund Corp Sells 1,639 Shares of Everest Group, Ltd. $EG

Texas Permanent School Fund Corp lessened its holdings in Everest Group, Ltd. (NYSE:EG) by 34.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,142 shares of the company’s stock after selling 1,639 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Everest Group were worth $1,068,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Everest Group by 4.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 816 shares of the company’s stock valued at $277,000 after acquiring an additional 34 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in Everest Group by 2.9% during the second quarter. Legacy Wealth Asset Management LLC now owns 1,493 shares of the company’s stock worth $507,000 after purchasing an additional 42 shares during the period. Quent Capital LLC boosted its holdings in Everest Group by 8.1% during the second quarter. Quent Capital LLC now owns 652 shares of the company’s stock valued at $221,000 after purchasing an additional 49 shares in the last quarter. Rowlandmiller & PARTNERS.ADV boosted its holdings in Everest Group by 4.0% during the second quarter. Rowlandmiller & PARTNERS.ADV now owns 1,315 shares of the company’s stock valued at $447,000 after purchasing an additional 50 shares in the last quarter. Finally, Clear Harbor Asset Management LLC grew its stake in shares of Everest Group by 0.3% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 16,425 shares of the company’s stock valued at $5,582,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Evercore ISI raised their target price on Everest Group from $380.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. Barclays dropped their price objective on Everest Group from $425.00 to $365.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. TD Cowen reduced their target price on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a research note on Monday, December 15th. Wells Fargo & Company dropped their target price on shares of Everest Group from $383.00 to $343.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $367.87.

Insider Buying and Selling

In related news, Director Allan Levine acquired 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was purchased at an average price of $306.08 per share, for a total transaction of $948,848.00. Following the transaction, the director directly owned 4,153 shares of the company’s stock, valued at approximately $1,271,150.24. This trade represents a 294.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William F. Galtney, Jr. acquired 11,385 shares of Everest Group stock in a transaction on Wednesday, October 29th. The shares were purchased at an average cost of $307.38 per share, for a total transaction of $3,499,521.30. Following the acquisition, the director owned 45,491 shares in the company, valued at approximately $13,983,023.58. This represents a 33.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Everest Group Stock Performance

Shares of NYSE:EG opened at $336.21 on Thursday. The business has a fifty day moving average of $323.71 and a 200-day moving average of $334.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $373.23. The firm has a market cap of $14.11 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, October 27th. The company reported $7.54 EPS for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $3.86 billion. Everest Group had a return on equity of 3.74% and a net margin of 3.12%.The firm’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company earned $11.80 EPS. On average, equities research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Wednesday, November 26th were issued a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.4%. Everest Group’s dividend payout ratio (DPR) is currently 60.93%.

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.