8,175 Shares in Everest Group, Ltd. $EG Acquired by Summit Global Investments

Summit Global Investments acquired a new stake in Everest Group, Ltd. (NYSE:EG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,175 shares of the company’s stock, valued at approximately $2,863,000.

Other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in shares of Everest Group during the 3rd quarter valued at $30,000. Board of the Pension Protection Fund acquired a new stake in shares of Everest Group during the second quarter worth $34,000. CYBER HORNET ETFs LLC bought a new stake in Everest Group in the second quarter valued at about $39,000. MUFG Securities EMEA plc acquired a new position in Everest Group in the second quarter valued at about $43,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Everest Group by 86.4% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the company’s stock valued at $53,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EG. Wolfe Research upgraded Everest Group from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 29th. Mizuho set a $358.00 price objective on shares of Everest Group in a research note on Wednesday, January 14th. Wall Street Zen downgraded shares of Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Barclays increased 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. Finally, Wells Fargo & Company decreased their price target on shares of Everest Group from $343.00 to $332.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $364.64.

Everest Group Stock Up 1.4%

Shares of EG stock opened at $329.36 on Friday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $370.20. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average of $325.01 and a 200-day moving average of $332.68. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 0.23 and a beta of 0.38.

Everest Group (NYSE:EG) last announced its earnings results on Monday, October 27th. The company reported $7.54 earnings per share for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $3.86 billion. Everest Group had a return on equity of 3.74% and a net margin of 3.12%.Everest Group’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $11.80 earnings per share. As a group, equities research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, November 26th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, November 26th. Everest Group’s dividend payout ratio is currently 60.93%.

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.