Everest Group, Ltd. $EG Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. reduced its position in Everest Group, Ltd. (NYSE:EG) by 86.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,410 shares of the company’s stock after selling 9,063 shares during the quarter. QRG Capital Management Inc.’s holdings in Everest Group were worth $494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EG. Geneos Wealth Management Inc. raised its position in shares of Everest Group by 98.9% in the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after buying an additional 90 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Everest Group during the second quarter worth about $384,000. Wealth Enhancement Advisory Services LLC grew its stake in Everest Group by 91.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,733 shares of the company’s stock valued at $2,947,000 after acquiring an additional 4,178 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Everest Group by 4.3% in 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 during the last quarter. Finally, Sowell Financial Services LLC lifted its stake in Everest Group by 46.1% in the 2nd quarter. Sowell Financial Services LLC now owns 928 shares of the company’s stock worth $315,000 after purchasing an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on EG. Cantor Fitzgerald reduced their price objective on Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Evercore ISI set a $365.00 target price on Everest Group in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Barclays lifted their target price 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and a consensus price target of $365.33.

Insider Buying and Selling at Everest Group

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

Everest Group Stock Performance

Shares of Everest Group stock opened at $321.73 on Friday. The stock has a market capitalization of $13.51 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 0.23 and a beta of 0.38. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39. The business has a 50-day moving average of $324.11 and a 200 day moving average of $333.14. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $373.23.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $3.86 billion. During the same period in the prior year, the company posted $11.80 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

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 $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, November 26th. Everest Group’s dividend payout ratio (DPR) is currently 60.93%.

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.