Capital Fund Management S.A. Makes New Investment in Everest Group, Ltd. $EG

Capital Fund Management S.A. purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the third quarter, HoldingsChannel reports. The firm purchased 36,415 shares of the company’s stock, valued at approximately $12,754,000.

Several other large investors have also recently made changes to their positions in EG. Darwin Wealth Management LLC boosted its position in shares of Everest Group by 6.2% during the 3rd quarter. Darwin Wealth Management LLC now owns 568 shares of the company’s stock worth $199,000 after purchasing an additional 33 shares during the period. Trail Ridge Investment Advisors LLC raised its position in Everest Group by 3.3% in the third quarter. Trail Ridge Investment Advisors LLC now owns 1,236 shares of the company’s stock valued at $433,000 after purchasing an additional 40 shares during the period. Wealthfront Advisers LLC lifted its stake in Everest Group by 2.8% during the third quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock worth $513,000 after purchasing an additional 40 shares in the last quarter. Van ECK Associates Corp lifted its stake in Everest Group by 6.4% during the third quarter. Van ECK Associates Corp now owns 744 shares of the company’s stock worth $261,000 after purchasing an additional 45 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Everest Group by 81.4% during the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock worth $37,000 after buying an additional 48 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Price Performance

Everest Group stock opened at $322.79 on Friday. The company has a market cap of $13.04 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 0.23 and a beta of 0.34. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $370.20. The business has a fifty day moving average of $331.00 and a two-hundred day moving average of $332.67. 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 posted its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the company earned ($18.39) earnings per share. As a group, analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. Everest Group’s dividend payout ratio (DPR) is 21.13%.

Analyst Upgrades and Downgrades

EG has been the subject of a number of research reports. UBS Group reaffirmed a “buy” rating and issued a $345.00 price objective on shares of Everest Group in a research note on Monday, January 12th. Zacks Research upgraded Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Wells Fargo & Company decreased their price target on Everest Group from $332.00 to $310.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Evercore set a $365.00 price objective on shares of Everest Group in a research report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods lifted their target price on Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $363.21.

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.