Lecap Asset Management Ltd. Sells 2,601 Shares of Everest Group, Ltd. $EG

Lecap Asset Management Ltd. lowered its holdings in Everest Group, Ltd. (NYSE:EG) by 69.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,127 shares of the company’s stock after selling 2,601 shares during the period. Lecap Asset Management Ltd.’s holdings in Everest Group were worth $395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. HB Wealth Management LLC grew its stake in Everest Group by 55.9% in the 3rd quarter. HB Wealth Management LLC now owns 2,834 shares of the company’s stock valued at $993,000 after buying an additional 1,016 shares in the last quarter. CX Institutional lifted its position in shares of Everest Group by 189.3% during the third quarter. CX Institutional now owns 512 shares of the company’s stock worth $179,000 after acquiring an additional 335 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of Everest Group by 69.2% in the third quarter. KLP Kapitalforvaltning AS now owns 47,941 shares of the company’s stock worth $16,790,000 after acquiring an additional 19,600 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Everest Group by 86.4% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the company’s stock worth $53,000 after acquiring an additional 70 shares during the period. Finally, Cerity Partners LLC grew its position in shares of Everest Group by 46.4% in the third quarter. Cerity Partners LLC now owns 43,771 shares of the company’s stock valued at $15,330,000 after purchasing an additional 13,864 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EG. Wall Street Zen cut Everest Group from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. TD Cowen decreased their price target on Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a research report on Monday, December 15th. Raymond James Financial reissued an “outperform” rating and issued a $350.00 price target on shares of Everest Group in a report on Monday, November 3rd. Evercore ISI set a $365.00 price objective on shares of Everest Group in a research report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Everest Group has an average rating of “Hold” and an average price target of $369.40.

Insider Buying and Selling

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

Everest Group Stock Performance

NYSE EG opened at $332.93 on Friday. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $373.23. The company has a fifty day moving average of $324.24 and a 200-day moving average of $334.16. The company has a market capitalization of $13.98 billion, a P/E ratio of 25.36, a P/E/G ratio of 0.24 and a beta of 0.38. 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 (NYSE:EG) last released its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). Everest Group had a net margin of 3.12% and a return on equity of 3.74%. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the previous year, the business earned $11.80 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

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

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.