Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Position in Everest Group, Ltd. $EG

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 16.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,948 shares of the company’s stock after buying an additional 6,288 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Everest Group were worth $15,392,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EG. Norges Bank bought a new stake in Everest Group during the second quarter worth about $601,300,000. Geode Capital Management LLC boosted its position in shares of Everest Group by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,211,474 shares of the company’s stock worth $414,385,000 after purchasing an additional 6,217 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Everest Group by 65.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,180,615 shares of the company’s stock worth $399,626,000 after purchasing an additional 467,656 shares in the last quarter. Altrinsic Global Advisors LLC grew its stake in shares of Everest Group by 37.2% in the 2nd quarter. Altrinsic Global Advisors LLC now owns 937,296 shares of the company’s stock worth $318,540,000 after buying an additional 254,317 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Everest Group by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company’s stock valued at $228,418,000 after buying an additional 29,586 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Insider Activity at Everest Group

In other news, Director William F. Galtney, Jr. bought 11,385 shares of the stock in a transaction dated Wednesday, October 29th. The stock was purchased at an average cost of $307.38 per share, for a total transaction of $3,499,521.30. Following the transaction, the director owned 45,491 shares of the company’s stock, valued at $13,983,023.58. The trade was a 33.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Allan Levine bought 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was acquired at an average cost of $306.08 per share, with a total value of $948,848.00. Following the completion of the acquisition, the director owned 4,153 shares of the company’s stock, valued at $1,271,150.24. This represents a 294.40% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on EG. Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a report on Thursday. TD Cowen cut their price objective on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a research report on Monday, December 15th. 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 report on Thursday, January 8th. Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Finally, Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $365.33.

Everest Group Trading Up 0.5%

Shares of EG stock opened at $323.46 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $13.58 billion, a PE ratio of 24.64, a PEG ratio of 0.23 and a beta of 0.38. The stock has a fifty day simple moving average of $324.06 and a two-hundred day simple moving average of $333.06. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $373.23.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, October 27th. The company reported $7.54 EPS for the quarter, missing the consensus estimate of $13.39 by ($5.85). The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Everest Group had a return on equity of 3.74% and a net margin of 3.12%.The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $11.80 EPS. On average, analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

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