Edmond DE Rothschild Holding S.A. Acquires New Shares in Everest Group, Ltd. $EG

Edmond DE Rothschild Holding S.A. acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,062 shares of the company’s stock, valued at approximately $737,000.

Other institutional investors also recently bought and sold shares of the company. NewEdge Wealth LLC acquired a new stake in Everest Group in the second quarter valued at $329,000. Great Lakes Advisors LLC acquired a new stake in Everest Group in the 2nd quarter valued at about $3,848,000. Danske Bank A S acquired a new stake in Everest Group in the 2nd quarter valued at about $18,659,000. Wealthfront Advisers LLC purchased a new position in Everest Group during the 2nd quarter valued at about $353,000. Finally, Foster & Motley Inc. purchased a new position in Everest Group during the 2nd quarter valued at about $944,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Stock Up 1.4%

EG stock opened at $368.89 on Friday. The company has a 50 day moving average price of $365.72 and a two-hundred day moving average price of $346.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $14.14 billion, a P/E ratio of 7.80, a PEG ratio of 0.72 and a beta of 0.29. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $401.07.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.52 by $0.33. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The business’s revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $16.10 earnings per share. As a group, sell-side analysts expect that Everest Group, Ltd. will post 52.83 EPS for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group’s dividend payout ratio (DPR) is presently 16.92%.

Analyst Ratings Changes

A number of equities analysts have issued reports on EG shares. UBS Group lifted their target price on shares of Everest Group from $374.00 to $395.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Cantor Fitzgerald increased their price target on shares of Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Weiss Ratings raised shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. TD Cowen lifted their price objective on Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Citigroup upped their target price on Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and an average target price of $395.27.

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.