Quantinno Capital Management LP Has $24.36 Million Stock Holdings in Everest Group, Ltd. $EG

Quantinno Capital Management LP increased its position in shares of Everest Group, Ltd. (NYSE:EG) by 117.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,518 shares of the company’s stock after acquiring an additional 40,181 shares during the period. Quantinno Capital Management LP’s holdings in Everest Group were worth $24,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its position in Everest Group by 1.4% during the first quarter. Lazard Asset Management LLC now owns 68,079 shares of the company’s stock valued at $22,252,000 after purchasing an additional 942 shares during the last quarter. Gateway Wealth Partners LLC acquired a new position in Everest Group in the 1st quarter worth about $312,000. OMERS ADMINISTRATION Corp increased its position in Everest Group by 15.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 9,541 shares of the company’s stock worth $3,118,000 after purchasing an additional 1,248 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Everest Group by 76.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 54,058 shares of the company’s stock worth $17,669,000 after purchasing an additional 23,399 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Everest Group by 245.0% during the 1st quarter. Renaissance Technologies LLC now owns 162,100 shares of the company’s stock worth $52,982,000 after purchasing an additional 115,120 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Performance

EG opened at $374.88 on Friday. The company has a market cap of $14.83 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 0.58 and a beta of 0.29. The stock has a 50-day moving average of $355.74 and a 200-day moving average of $342.10. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $401.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.37 and a current ratio of 0.35.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, beating analysts’ consensus estimates of $14.52 by $0.33. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the firm posted $16.10 EPS. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis. As a group, equities research analysts forecast that Everest Group, Ltd. will post 52.86 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is 16.92%.

Key Everest Group News

Here are the key news stories impacting Everest Group this week:

• Positive Sentiment: Q2 earnings beat estimates: Everest reported adjusted earnings of $14.85 per share, above consensus estimates of roughly $14.52-$14.59. Results benefited from solid underwriting and lower expenses. Everest Group Q2 Earnings Beat Estimates on Lower Expenses
• Positive Sentiment: Underwriting performance supports growth: Recent coverage highlights Everest’s ability to convert cyclical industry headwinds into double-digit growth, which could help offset pressure in premiums and investments. Everest Group Converts Cyclical Headwinds Into Double-Digit Growth
• Positive Sentiment: Wells Fargo raised its price target from $373 to $396, implying potential upside from recent levels, although the firm maintained an “equal weight” rating.
• Neutral Sentiment: Valuation remains relatively low: Everest trades at approximately 7.9 times earnings, while analysts expect about $52.86 in full-year earnings per share. This may offer valuation support, but does not eliminate concerns about earnings volatility.
• Negative Sentiment: Revenue and earnings weakened year over year: Quarterly revenue was $3.96 billion, below the $3.99 billion consensus estimate and down 11.8% from the prior-year period. Earnings also declined from the previous year’s result.
• Negative Sentiment: Shares recently decreased: The stock fell sharply in the prior session and underperformed some industry peers, suggesting investors focused on the revenue shortfall, weaker investment income and softer premium trends despite the earnings beat. Everest Group Stock Underperforms Competitors

Analysts Set New Price Targets

Several equities research analysts recently commented on EG shares. Wells Fargo & Company boosted their price target on Everest Group from $373.00 to $396.00 and gave the company an “equal weight” rating in a research note on Friday. BMO Capital Markets raised their price objective on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. Barclays raised their price objective on shares of Everest Group from $420.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday. Morgan Stanley lifted their target price on shares of Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Finally, Weiss Ratings raised shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $391.27.

Insider Buying and Selling

In other news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total value of $272,676.00. Following the transaction, the chief executive officer owned 8,170 shares of the company’s stock, valued at $2,874,532.80. This trade represents a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

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.