Vest Financial LLC Trims Position in Everest Group, Ltd. $EG

Vest Financial LLC cut its stake in shares of Everest Group, Ltd. (NYSE:EG) by 43.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 32,965 shares of the company’s stock after selling 24,897 shares during the period. Vest Financial LLC’s holdings in Everest Group were worth $11,545,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EG. Root Financial Partners LLC bought a new stake in Everest Group during the 3rd quarter worth approximately $30,000. Board of the Pension Protection Fund purchased a new position in shares of Everest Group during the 2nd quarter valued at $34,000. CYBER HORNET ETFs LLC purchased a new position in shares of Everest Group during the 2nd quarter valued at $39,000. MUFG Securities EMEA plc bought a new position in shares of Everest Group in the second quarter worth $43,000. Finally, MassMutual Private Wealth & Trust FSB raised its position 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 buying an additional 70 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Insider Transactions at Everest Group

In related news, Director William F. Galtney, Jr. acquired 11,385 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were purchased at an average price of $307.38 per share, for a total transaction of $3,499,521.30. Following the completion of 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Allan Levine bought 3,100 shares of the stock in a transaction dated Wednesday, October 29th. The stock was bought at an average cost of $306.08 per share, with a total value of $948,848.00. Following the purchase, the director owned 4,153 shares in the company, valued at $1,271,150.24. The trade was a 294.40% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by company insiders.

Everest Group Stock Up 0.9%

Shares of NYSE EG opened at $322.75 on Thursday. The stock has a market capitalization of $13.55 billion, a P/E ratio of 24.58, a PEG ratio of 0.23 and a beta of 0.38. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $373.23. The firm’s 50 day simple moving average is $324.22 and its two-hundred day simple moving average is $333.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39.

Everest Group (NYSE:EG) last announced its quarterly earnings data 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 return on equity of 3.74% and a net margin of 3.12%.The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the previous year, the firm posted $11.80 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. As a group, analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, November 26th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, November 26th. Everest Group’s dividend payout ratio is presently 60.93%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research report on Wednesday, October 8th. Cantor Fitzgerald cut their price objective on Everest Group from $348.00 to $344.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Mizuho set a $358.00 price objective on shares of Everest Group in a research report on Wednesday, January 14th. Raymond James Financial reiterated an “outperform” rating and set a $350.00 target price on shares of Everest Group in a research report on Monday, November 3rd. Finally, Barclays boosted their price target on shares of Everest Group from $365.00 to $377.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $365.33.

About Everest Group

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.