Everest Group, Ltd. $EG Shares Purchased by Lmcg Investments LLC

Lmcg Investments LLC grew its position in shares of Everest Group, Ltd. (NYSE:EG) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,843 shares of the company’s stock after acquiring an additional 2,778 shares during the quarter. Lmcg Investments LLC owned about 0.08% of Everest Group worth $11,824,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Gateway Investment Advisers LLC acquired a new position in shares of Everest Group during the fourth quarter valued at $1,196,000. Equitable Trust Co. boosted its holdings in shares of Everest Group by 1.9% during the fourth quarter. Equitable Trust Co. now owns 44,887 shares of the company’s stock valued at $15,232,000 after acquiring an additional 846 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Everest Group by 4.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,849 shares of the company’s stock valued at $1,646,000 after acquiring an additional 211 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of Everest Group during the fourth quarter valued at $541,000. Finally, Davis Selected Advisers lifted its holdings in Everest Group by 199.3% in the fourth quarter. Davis Selected Advisers now owns 118,017 shares of the company’s stock worth $40,049,000 after purchasing an additional 78,589 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EG shares. Evercore set a $365.00 price objective on shares of Everest Group in a report on Wednesday, January 7th. Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Mizuho upped their price objective on shares of Everest Group from $360.00 to $365.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Wells Fargo & Company upped their price objective on shares of Everest Group from $332.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Barclays upped their price objective on shares of Everest Group from $377.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $370.57.

Everest Group Price Performance

NYSE EG opened at $352.40 on Thursday. The company has a current ratio of 0.35, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $368.29. The stock’s 50-day moving average price is $333.71 and its two-hundred day moving average price is $329.52. The company has a market cap of $17.53 billion, a PE ratio of 7.17, a PEG ratio of 0.26 and a beta of 0.35.

Everest Group (NYSE:EG) last released its earnings results on Wednesday, April 29th. The company reported $16.08 earnings per share for the quarter, beating the consensus estimate of $13.97 by $2.11. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.17 billion. During the same quarter in the previous year, the business posted $6.45 EPS. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts predict that Everest Group, Ltd. will post 52.98 EPS for the current year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a yield of 2.3%. Everest Group’s dividend payout ratio is presently 16.27%.

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.