Krilogy Financial LLC Takes Position in Everest Group, Ltd. $EG

Krilogy Financial LLC acquired a new position in Everest Group, Ltd. (NYSE:EG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,527 shares of the company’s stock, valued at approximately $1,458,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its position in shares of Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after buying an additional 90 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Everest Group during the second quarter valued at approximately $384,000. Callan Family Office LLC bought a new stake in Everest Group during the second quarter worth approximately $313,000. IFP Advisors Inc raised its holdings in Everest Group by 2,077.8% during the second quarter. IFP Advisors Inc now owns 196 shares of the company’s stock worth $67,000 after purchasing an additional 187 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Everest Group by 1.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,979 shares of the company’s stock worth $1,692,000 after purchasing an additional 91 shares during the period. Institutional investors own 92.64% of the company’s stock.

Everest Group Trading Up 1.0%

NYSE:EG opened at $335.87 on Friday. The stock has a fifty day simple moving average of $328.51 and a 200 day simple moving average of $332.40. The firm has a market capitalization of $14.10 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 0.24 and a beta of 0.36. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $370.20. The company has a quick ratio of 0.39, a current ratio of 0.37 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $13.26 EPS for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Everest Group had a net margin of 9.09% and a return on equity of 12.50%. Everest Group’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($18.39) earnings per share. Sell-side analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Analysts Set New Price Targets

EG has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on Everest Group from $332.00 to $310.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Zacks Research raised Everest Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Barclays raised their price objective on shares of Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen cut shares of Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $363.21.

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.